Midday update for Crude oil 21-01-2020
Economies.com
2020-01-21 10:44AM UTC
Crude oil price continues to decline to reach the thresholds f the first waited target at 57.40, to keep our bearish overview for the upcoming sessions, noting that the EMA50 presses negatively on the price to support the chances of breaking the mentioned level and open the way to head towards 54.60 as a next main target.
Therefore, the bearish trend will remain dominant for today, noting that holding below 59.20 represents the first condition to continue the suggested decline.
The expected trading range for today is between 56.50 support and 59.50 resistance.
The expected trend for today: Bearish
Commodities 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 ...
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
Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Brent Oil Price Analysis Expected Scenario The Brent oil price bounced downwards strongly ...
Commodities
Crude oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price couldn’t manage to hold ...
Commodities
Silver price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Silver Price Analysis Expected Scenario Silver price returns to test the key support at ...