Crude oil price tests the support base – Analysis - 21-07-2022
Economies.com
2022-07-21 04:11AM UTC
Crude oil price continues to fluctuate at 98.25 support line and still above it, as the EMA50 meets this level to add more strength to it, waiting to resuem the bullish wave that its targets begin at 100.50 and extend to 103.60 after breaching the previous level.
On the other hand, we should note that breaking 98.25 and holding below it will stop the suggested positive scenario and press on the price to start bearish wave on the intraday and short term basis.
The expected trading range for today is between 97.00 support and 102.00 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 ...