Midday update for Crude oil 21-09-2017
Economies.com
2017-09-21 10:09AM UTC
Crude oil price shows some slight bearish bias affected by stochastic negativity, noticing that the index is approaching from the oversold areas now, which forms positive factor that we are waiting to support the continuation of the overall bullish trend.
Therefore, we will keep our bullish overview for today as long as the price remains stable above 49.45, supported by the EMA50 that keeps carrying the price from below, reminding you that our next main target is located at the bullish channel's resistance at 53.10.
Expected trading range for today is between 49.00 support and 53.10 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...