Midday update for Crude oil 09-04-2019
Economies.com
2019-04-09 10:51AM UTC
Crude oil price fluctuates around 64.50 level since morning, affected by stochastic negativity to show some slight bearish bias, while it get continuous positive support by the EMA50, waiting to resume the bullish bias to beach 64.90 and confirm the extension of the bullish wave on the intraday and short term basis, which targets 66.85 level mainly.
Therefore, we will keep our bullish overview for today unless breaking 63.70 level and holding below it.
The expected trading range for today is between 63.50 support and 66.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
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 Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...