Midday update for Crude oil 29-08-2018
Economies.com
2018-08-29 10:11AM UTC
Crude oil price did not show any strong move since morning, to continue fluctuating above the key support 68.06, while stochastic prepares to provide positive overlapping signal on the four hours’ time frame.
Therefore, our bullish trend expectations will remain valid without any change for today conditioned by the price stability above 68.06, reminding you that the waited targets begin by breaching 69.44 to rally towards 70.82 as a next station.
Expected trading range for today is between 67.45 support and 70.82 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold driven lower by dollar's strength
2024-05-07 19:25PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, amid ongoing uncertainty ...
Commodities
Brent climbs 1.25% after Saudi crude price hike
2024-05-06 14:34PM UTC
International benchmark Brent rose 1.25% in the early American trade on track for the first profit ...
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 07-05-2024
2024-05-07 18:09PM UTC
Crude oil price traded with clear negativity to reach few pips away from our waited target at ...
Commodities
Coffee price collapses – Forecast today – 7-5-2024
2024-05-07 05:38AM UTC
Expected Scenarios and Trading Range Scenario 1: Strong Negative Pressure Coffee price fails ...
Commodities
Natural gas price needs to confirm the breach – Forecast today – 7-5-2024
2024-05-07 05:37AM UTC
Expected Scenarios and Trading Range Scenario 1: Attempted Breakout Natural gas price ...