Midday update for Crude oil 23-05-2023

Economies.com
1 week ago

Crude oil price still confined inside the symmetrical triangle, and the contradiction still valid between the technical indicators, to continue with our neutrality until the price confirms breaking 70.90 support or breaching 72.70 to detect the next targets and destination clearly.

 

To review the details of the expected targets after the breach, please check our morning issued report.

 

The expected trading range for today is between 70.50 support and 74.10 resistance.

 

The expected trend for today: Neutral

Commodities News

Gold News

Commodities

Gold prices edge up as dollar tapers off
8 hours ago
Gold prices rose on Monday mildly as the dollar weakens against most major rivals while markets ...
Brent Oil News

Commodities

Brent hits five-week high as Saudi production declines
12 hours ago
International Benchmark Brent rallied over 3% in European trade for the third straight session, ...
Gold News

Commodities

Gold edges down as dollar strengthens
16 hours ago
Gold prices fell in European trade for another session on track for two-month lows, as dollar ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Midday update for Brent oil 05-06-2023
16 hours ago
Brent oil price trades with strong positivity to move away from 76.80 level and reach the ...
Oil Analysis

Commodities

Midday update for Crude oil 05-06-2023
16 hours ago
Crude oil price rallied upwards strongly to start attacking 73.80 level, waiting to breach this ...
Silver Analysis

Commodities

Midday update for Silver 05-06-2023
16 hours ago
Silver price shows new negative trades to press on 23.50 level, waiting to break this level to add ...