Midday update for Crude oil 26-09-2023

Economies.com
2023-09-26 10:10AM UTC

Crude oil price achieved an initial break to 89.35 level and attempts to settle below it, which supports the continuation of the expected bearish trend scenario in the upcoming period, targeting 87.16 levels as a next main station.

 

therefore, we are waiting for more of the expected downside moves for the rest of the day, reminding you that holding below 91.10 is important for the continuation of the suggested bearish trend.

 

Advertistment

The expected trading range for today is between 88.30 support and 91.20 resistance.

 

The expected trend for today: Bearish

 

Commodities News

Gold News

Commodities

Gold gives up record high as dollar strengthens
2023-12-04 17:26PM UTC
Gold prices fell on Monday as the dollar index rose against most major rivals, moving away from ...
Copper News

Commodities

Copper loses over 2% as dollar edges up, while Chinese concerns resurface
2023-12-04 16:51PM UTC
Copper prices fell on Monday as the dollar rose against a basket of major rivals, amid growing ...
Gold News

Commodities

Gold surpasses $2100, scales record high
2023-12-04 09:44AM UTC
Gold prices rose in European trade on Monday, extending gains for a second session and passing ...

Commodities Technical Analysis

Oil Analysis

Commodities

Evening update for Crude oil price 04-12-2023
2023-12-04 15:02PM UTC
Crude oil price shows more bearish bias to move away from 73.73 level, to support the expected ...
Silver Analysis

Commodities

Evening update for silver price 04-12-2023
2023-12-04 15:02PM UTC
Silver price shows additional negative trades to approach our waited target at 24.60, and it is ...
Brent oil Analysis

Commodities

Midday update for Brent oil 04-12-2023
2023-12-04 10:12AM UTC
Brent oil price shows more bearish bias to approach the second waited target at 77.44, reminding ...