Crude oil price touches the target – Analysis - 23-01-2023
Economies.com
2023-01-23 04:27AM UTC
Crude oil price managed to touch 81.60 level and faces solid resistance there, to show some temporary slight bearish bias, waiting to get positive momentum that assists to push the price to surpass the mentioned level and achieve new gains that extend to 82.70 followed by 84.25.
Therefore, we will continue to suggest the bullish trend for the upcoming period, organized inside the bullish channel that appears on the chart, noting that failing to breach 81.60 will press on the price to test 79.50 – 78.90 levels before any new positive attempt.
The expected trading range for today is between 79.50 support and 83.00 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 ...