Midday update for Crude Oil 03/06/2013
Economies.com
2013-06-03 10:41AM UTC
Crude oil price trades positively since morning, moving away from the falling wedge support line that appears in the image, but we can’t confirm the continuation of the bullish trend on the intraday basis before confirming breaching 92.85
Thus, we are keeping our neutral attitude for today, waiting for clearer confirmation signals for the trend.
Expected trading range for today is between: 90.00 support and 93.70 resistance.
Expected trend for today: Neutral
Commodities News
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical Analysis
Commodities
Natural gas price needs new momentum – Forecast today – 25-4-2024
2024-04-25 05:47AM UTC
Natural Gas Price Analysis Natural gas price postponed the bullish attack and formed temporary ...
Commodities
Gold price within tight range – Forecast today - 25-04-2024
2024-04-25 05:46AM UTC
Gold Price Analysis Gold price fluctuates within tight range since yesterday, hovering around ...
Commodities
Platinum price holds above the support – Forecast today – 25-4-2024
2024-04-25 05:39AM UTC
Platinum Price Analysis Despite platinum price facing strong negative pressures recently, caused ...