Midday update for Crude Oil 30/05/2013
Economies.com
2013-05-30 10:25AM UTC
Crude oil price pushes negatively on the upside channel’s support at 92.85, and as we mentioned in our morning report, a confirmed break below this level with a daily close will push the price out of the sideways’ trading scenario, and leads to a decline initially towards 90.00
Until now, the morning suggested scenario remains valid and active unless we witnessed a daily close below 92.85
Expected trading range for today is between: 91.50 support and 96.60 resistance.
Expected trend for today: Sideways
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
Brent oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price keeps its stability above ...
Commodities
Crude oil price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price trades positively to approach ...
Commodities
Silver price forecast update 25-04-2024
2024-04-25 09:42AM UTC
Silver Price Analysis Expected Scenario Silver price shows positive trades to hint the ...