Midday update for Crude oil 18-04-2019
Economies.com
2019-04-18 10:02AM UTC
Crude oil price continues to fluctuate at the bullish channel’s support line, which is met by the EMA50 to add more strength to it, while stochastic shows oversold signals now.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, which targets 64.90 followed by 67.00 levels, while holding above 63.55 represents key condition to continue the suggested rise.
The expected trading range for today is between 63.00 support and 66.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Oil prices extend losses to 3%, hitting April lows
2024-04-17 18:33PM UTC
Oil prices fell on Wednesday and sharpened their losses considerably following US inventory data, ...
Commodities
Gold prices edge away from record highs
2024-04-17 18:26PM UTC
Gold prices fell on Wednesday even as the dollar lost ground against most major rivals, with ...
Commodities
Oil prices plumb two-week lows as concerns about Iran-Israel war fade
2024-04-17 15:23PM UTC
Oil prices fell in American trade on Wednesday, extending losses for the second straight day and ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 17-04-2024
2024-04-17 17:52PM UTC
Crude oil price trades with strong negativity to break the bullish channel’s support line and ...
Commodities
Brent oil price forecast update 17-04-2024
2024-04-17 09:25AM UTC
Trend Forecast for Brent Oil Price Expected Scenario near the Bullish Channel’s Support ...
Commodities
Crude oil price forecast update 17-04-2024
2024-04-17 09:25AM UTC
Trend Forecast for Crude Oil Price Expected Scenario upon Breaching 85.40$ Level Crude oil ...