Midday update for Crude oil 01-04-2020
Economies.com
2020-04-01 10:11AM UTC
Crude oil price continues to fluctuate at 20.00 barrier without managing to confirm settling below it, and the price still below the resistance line that appears on the chart, while the EMA50 continues to press negatively on the price.
Therefore, our bearish overview will remain valid for today, which depends on the price stability below 20.85 and 21.85 levels, reminding you that our next target is located at 19.00.
The expected trading range for today is between 19.00 support and 21.50 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Oil prices hover near two-week lows as markets expect little response from Israel to Iran's attacks
2024-04-16 13:17PM UTC
Global oil prices fell in American trade on Tuesday, approaching two-week lows as the US now ...
Commodities
Will gold prices scale $3000 an ounce in 2024?
2024-04-16 11:59AM UTC
Gold prices continued to move in a positive zone and approached the record highs scaled last week ...
Commodities
Gold enters a downward correctional cycle in wait for Israeli response
2024-04-16 08:43AM UTC
Gold prices declined in European trade on Tuesday on profit-taking, after the precious metal ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 16-04-2024
2024-04-16 09:52AM UTC
Brent Oil Price Forecast Brent oil price finds solid resistance at 90.90$, to show negative ...
Commodities
Crude oil price forecast update 16-04-2024
2024-04-16 09:48AM UTC
Crude Oil Price Forecast Crude oil price trades negatively to press on 85.45$ support line, ...
Commodities
Silver price forecast update 16-04-2024
2024-04-16 09:48AM UTC
Silver Price Forecast Silver price faces clear negative pressure now, to approach the key ...