Midday update for Crude oil 17-11-2023
Economies.com
2023-11-17 10:44AM UTC
Crude oil price is testing the key resistance 73.73, affected by stochastic positivity, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend scenario active, which its next target located at 71.65.
On the other hand, we should note that confirming breaching 73.73 will push the price to turn to rise and build bullish wave that targets 75.85 areas initially.
The expected trading range for today is between 71.50 support and 74.50 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold gives up record high as dollar strengthens
2023-12-04 17:26PM UTC
Gold prices fell on Monday as the dollar index rose against most major rivals, moving away from ...
Commodities
Copper loses over 2% as dollar edges up, while Chinese concerns resurface
2023-12-04 16:51PM UTC
Copper prices fell on Monday as the dollar rose against a basket of major rivals, amid growing ...
Commodities
Gold surpasses $2100, scales record high
2023-12-04 09:44AM UTC
Gold prices rose in European trade on Monday, extending gains for a second session and passing ...
Commodities Technical Analysis
Commodities
Evening update for Crude oil price 04-12-2023
2023-12-04 15:02PM UTC
Crude oil price shows more bearish bias to move away from 73.73 level, to support the expected ...
Commodities
Evening update for silver price 04-12-2023
2023-12-04 15:02PM UTC
Silver price shows additional negative trades to approach our waited target at 24.60, and it is ...
Commodities
Evening update for Gold 04-12-2023
2023-12-04 15:02PM UTC
Gold price faces strong negative pressure to confirm breaking 2075.25 level and heads to decline on ...