Midday update for Crude Oil 01/08/2013
Economies.com
2013-08-01 10:19AM UTC
Crude oil price resumed the positive trading surpassing 105.80 level, and provide signals to continue the bullish bias to test the upside channel’s resistance at 107.50
The positive bias will be suggested for the rest of today’s trading, conditioned by holding above 105.80, and we should carefully monitor the price behavior when reaching the suggested target, due to its importance to detect the next price trend on the intraday and short term basis.
Expected trading range for today is between 103.00 support and 107.50 resistance.
Expected trend for today: Bullish for the rest of the day
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 ...