Midday update for Crude oil 07-09-2018
Economies.com
2018-09-07 10:35AM UTC
Crude oil price retests 68.06 level and still below it until now, which keeps our bearish trend expectations valid until now, supported by the negative pressure formed by the EMA50, waiting to head towards 66.00 initially, noting that breaching 68.06 will stop the expected decline and push the price to start recovery attempts and regain the main bullish trend again.
Expected trading range for today is between 66.00 support and 69.00 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
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 Technical Analysis
Commodities
Wheat price touches the first target – Forecast today - 01-05-2024
2024-05-01 03:48AM UTC
Wheat Price Analysis Expected Scenario Wheat price managed to touch our first waited ...
Commodities
Sugar price attempts negatively – Forecast today - 01-05-2024
2024-05-01 03:47AM UTC
Sugar Price Analysis Expected Scenario Sugar price traded negatively in the previous ...
Commodities
Soybean price under the negative pressure – Forecast today - 01-05-2024
2024-05-01 03:47AM UTC
Soybean Price Analysis Expected Scenario Soybean price bounced downwards clearly ...