Midday update for Crude oil 03-06-2020
Economies.com
2020-06-03 09:25AM UTC
Crude oil price shows some slight bearish bias now after testing 38.00$ barrier this morning, waiting to get positive motive that assists to push the price to resume the main bullish trend, organized inside the bullish channel that appears on the chart, as the main expected targets located at 41.04 followed by 43.050, while achieving them requires holding above 36.10 and the most important above 35.25.
The expected trading range for today is between 36.10 support and 40.00 resistance.
The expected trend for today: Bullish
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
Wheat price achieves more gains – Forecast today - 25-04-2024
2024-04-25 04:08AM UTC
Wheat Price Analysis Wheat price rallied upwards yesterday to succeed achieving our new waited ...
Commodities
Soybean price approaches the target – Forecast today - 25-04-2024
2024-04-25 04:08AM UTC
Soybean Price Analysis Soybean price rebounds bearishly after approaching our waited target at ...
Commodities
Corn price under the negative pressure – Forecast today - 25-04-2024
2024-04-25 04:08AM UTC
Corn Price Analysis Corn price managed to break 449.20$ level and approaches to retest the ...