Midday update for Crude oil 19-10-2021
Economies.com
1 year ago
Crude oil price trades with clear positivity to attack 82.85 level and attempts to hold above it, which makes us prefer staying neutral until the price confirms its situation according to this level, as confirm the breach followed by breaching 83.85 will stop the correctional bearish scenario and lead the price to resume the main bullish track again, while trading below 82.85 will press on the price to decline towards 81.75 initially.
The expected trading range for today is between 82.00 support and 84.00 resistance.
The expected trend for today: Neutral
Commodities News
Commodities
Is that the real reason behind Saudi Arabia's crude production cuts?
3 hours ago
Saudi energy minister Abdulaziz bin Salman Al Saud said this week about the recent Saudi and ...
Commodities
Palladium declines as dollar muscles up amid global inflation concerns
5 hours ago
Palladium prices fell on Friday as the dollar gained ground against most major rivals and amid ...
Commodities
Oil prices climb for second straight day
8 hours ago
Oil prices rose in European trade on Friday for the second session on track for ten-month highs ...
Commodities Technical Analysis
Commodities
Midday update for Brent oil 22-09-2023
11 hours ago
Brent oil price resumes its positive trading to approach our first waited target at 94.80, waiting ...
Commodities
Midday update for Crude oil 22-09-2023
11 hours ago
Crude oil price shows new positive trades to move above 91.00 barrier now, reinforcing the ...
Commodities
Midday update for Silver 22-09-2023
11 hours ago
Silver price managed to achieve our waited target at 23.70 and attempts to breach it, to support ...