Midday update for Crude oil 26-05-2023
Economies.com
1 week ago
Crude oil price fluctuates within sideways and tight track since morning, falling under the negative pressure formed by the EMA50, to keep the chances valid to continue the expected bearish trend for today, which its targets begin by breaking 71.55 to confirm extending the bearish wave towards 70.00.
On the other hand, we should note that breaching 72.50 will push the price to recover and rise for the rest of the day to test 73.80 before any new attempt to decline.
The expected trading range for today is between 69.70 support and 73.10 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold declines under pressure from the dollar
1 hour ago
Gold prices declined in European trade for the first session in three under pressure from the ...
Commodities
Gold extends gains but still trades below $2,000
15 hours ago
Gold prices rose on Tuesday even as the dollar muscled up against major rivals, but the precious ...
Commodities
Copper loses momentum amid economic concerns and technical signals
18 hours ago
Copper prices stalled on Tuesday on continuous concerns about economic growth following weak US and ...
Commodities Technical Analysis
Commodities
Midday update for Brent oil 07-06-2023
12 minutes ago
Brent oil price trades positively to approach the key resistance 76.80, and as long as the price is ...
Commodities
Midday update for Crude oil 07-06-2023
12 minutes ago
Crude oil price shows bullish bias to attempt to breach 71.55 level, which urges caution from the ...
Commodities
Midday update for Silver 07-06-2023
12 minutes ago
Silver price settles below the intraday bullish channel’s support line, reinforcing the ...