Crude Oil retests successfully – Analysis - 03/07/2015
Economies.com
2015-07-03 00:39AM UTC
Crude oil price approached from retesting 58.18 level and bounced bearishly from there, to keep the bearish correctional pressure valid until now, waiting to test 55.50 level initially, reminding you that breaking this level will extend the bearish wave to target 53.30 as a next main target.
The EMA50 supports the suggested decline, which will remain valid unless the price managed to breach 58.18 level and hold above it.
Expected trading range for today is between 55.00 support and 58.18 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...