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.

 

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

 

The expected trend for today: Bearish

 

Commodities News

Oil News

Commodities

US crude climbs above $80 a barrel, while Brent rushes to seven-week high
2024-06-18 14:28PM UTC
Global oil prices rose in American trade on Tuesday for the third straight session, with US crude ...
Gold News

Commodities

Gold declines despite mounting pressures on US dollar
2024-06-17 19:40PM UTC
Gold prices fell on Monday even as the dollar lost ground against most major rivals, as markets ...
Palladium News

Commodities

Palladium driven lower by dollar's strength
2024-06-14 15:05PM UTC
Palladium prices fell on Friday as the dollar muscled up against most major rivals, and amid ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 18-06-2024
2024-06-18 09:30AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows bearish bias now, ...
Oil Analysis

Commodities

Crude oil price forecast update 18-06-2024
2024-06-18 09:30AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price is testing the key support ...
Silver Analysis

Commodities

Silver price forecast update 18-06-2024
2024-06-18 09:30AM UTC
Silver Price Analysis Expected Scenario Silver price resumes its negative trading to ...