Crude oil price under the negative pressure – Analysis - 25-01-2022
Economies.com
2022-01-25 05:20AM UTC
Crude oil price settles around the EMA50, moving inside intraday bearish channel that supports the chances of continuing the bearish bias to test 81.25 level mainly.
Therefore, we expect to witness negative trades in the upcoming sessions, taking into consideration that breaching 85.00 will stop the expected decline and lead the price to resume the main bullish trend again, to head towards visiting 87.05 level initially.
The expected trading range for today is between 82.00 support and 84.80 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Oil prices try to recover from seven-week lows
2024-05-02 13:05PM UTC
Global oil prices rose in European trade on Thursday for the first time in five sessions away from ...
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities Technical Analysis
Commodities
Wheat price is recovering – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Wheat Price Analysis Wheat price bounced clearly upwards after the 597.10$ level formed solid ...
Commodities
Soybean price reactivates the correctional scenario – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Soybean Price Analysis Soybean price breached the 1193.10$ level clearly and closed the daily ...
Commodities
Corn price hits the target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
Corn Price Analysis Corn price rallied upwards yesterday to succeed achieving our first waited ...