Crude oil retests – Analysis - 13-08-2018
Economies.com
2018-08-13 04:16AM UTC
Crude oil price retests the previously broken support line that turns into key resistance now at 68.06, noticing that the EMA50 meets this level to add more strength to it, accompanied by stochastic reach to the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, which its main targets located at 65.00 followed by 63.60, reminding you that it is important to hold below 68.06 to continue the the expected decline.
Expected trading range for today is between 65.50 support and 69.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Oil prices extend losses to 3%, hitting April lows
2024-04-17 18:33PM UTC
Oil prices fell on Wednesday and sharpened their losses considerably following US inventory data, ...
Commodities
Gold prices edge away from record highs
2024-04-17 18:26PM UTC
Gold prices fell on Wednesday even as the dollar lost ground against most major rivals, with ...
Commodities
Oil prices plumb two-week lows as concerns about Iran-Israel war fade
2024-04-17 15:23PM UTC
Oil prices fell in American trade on Wednesday, extending losses for the second straight day and ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 17-04-2024
2024-04-17 17:52PM UTC
Crude oil price trades with strong negativity to break the bullish channel’s support line and ...
Commodities
Brent oil price forecast update 17-04-2024
2024-04-17 09:25AM UTC
Trend Forecast for Brent Oil Price Expected Scenario near the Bullish Channel’s Support ...
Commodities
Crude oil price forecast update 17-04-2024
2024-04-17 09:25AM UTC
Trend Forecast for Crude Oil Price Expected Scenario upon Breaching 85.40$ Level Crude oil ...