Midday update for Crude oil 13-10-2021

Economies.com
2021-10-13 09:39AM UTC

Crude oil price shows bearish bias now to test 80.00$ barrier, waiting for more decline to visit 79.40 that represents our first target, noting that we expect the extension of the bearish wave to reach 77.70 as a next station, while holding below 81.20 represents key condition to continue the expected decline.

 

The expected trading range for today is between 78.80 support and 81.50 resistance.

The expected trend for today: Bearish

Commodities News

Oil News

Commodities

Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...
Gold News

Commodities

Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Gold News

Commodities

Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios Brent oil price trades with slight negativity to head towards ...
Oil Analysis

Commodities

Crude oil price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Crude oil price trades negatively now after facing solid resistance at 83.90$, to hint heading to ...
Silver Analysis

Commodities

Silver price forecast update 24-04-2024
2024-04-24 09:29AM UTC
Silver price didn’t show any strong move since morning, to fluctuate around 27.20$ level, ...