Midday update for Crude oil 28-09-2021

Economies.com
2021-09-28 09:47AM UTC

Crude oil price provided additional positive trades to approach our waited target at 76.95, and it is affected by stochastic negativity and the strength of this level to show some temporary bearish bias, waiting to get positive motive that assist to push the price to breach this level and rally towards 78.60 that represents our next main target, taking into consideration that failing to achieve the required breach might force the price to rebound bearishly to visit areas that reach 73.30 before any new attempt to rise.

 

The expected trading range for today is between 75.00 support and 78.00 resistance.

The expected trend for today: Bullish

Commodities News

Oil News

Commodities

Oil extends gains, US crude clocks in 4.5%% weekly profit
2024-03-01 22:08PM UTC
Oil prices advanced on Friday as investors await OPEC+ decisions on supplies, expected to extend ...
Oil News

Commodities

Oil prices scale 4-month high on speculation about OPEC+ cuts
2024-03-01 13:32PM UTC
Global oil prices rose in European trade on Friday on track for the second straight session, with ...
Silver News

Commodities

Silver on track for seconc weekly loss in a row
2024-03-01 09:41AM UTC
Silver prices fell in European trade on Friday, resuming losses and approaching two-week lows, ...

Commodities Technical Analysis

Oil Analysis

Commodities

Evening update for Crude oil price 01-03-2024
2024-03-01 17:10PM UTC
Crude oil price traded with strong positivity to surpass our first waited target at 80.00 and open ...
Brent oil Analysis

Commodities

Midday update for Brent oil 01-03-2024
2024-03-01 10:40AM UTC
Brent oil price shows positive trades now to test the sideways range’s resistance line that ...
Oil Analysis

Commodities

Midday update for Crude oil 01-03-2024
2024-03-01 10:40AM UTC
Crude oil price leaned on 78.25 level and bounced upwards strongly to breach 78.75 and confirm ...