Crude oil price tests the support base – Analysis - 07-05-2021
Economies.com
2021-05-07 00:11AM UTC
Crude oil price started to rebound bullishly after testing 64.35 level, which keeps the main bullish trend scenario valid on the intraday and short term basis, supported by the EMA50 that meets the mentioned support to add more strength to it, waiting to visit 65.60 followed by 67.95 levels as next main targets.
Note that breaking 64.35 will press on the price to visit 63.20 areas before any new attempt to rise.
The expected trading range for today is between 63.70 support and 66.60 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities
Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Brent Oil Price Analysis Expected Scenario The Brent oil price bounced downwards strongly ...
Commodities
Crude oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price couldn’t manage to hold ...
Commodities
Silver price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Silver Price Analysis Expected Scenario Silver price returns to test the key support at ...