Midday update for Crude oil 30-01-2023

2 months ago

Crude oil price continues to fluctuate at the sideways range’s support line at 78.95, and we still suggest the domination of the sideways move until breaking this support or breaching 81.60 resistance to detect the next destination clearly, noting that the technical indicators still contradicted.


To review the expected targets after the breach, please check our morning report.


The expected trading range for today is between 77.60 support and 81.20 resistance.

The expected trend for today: Sideways

Commodities News

Gold News


Gold declines but marks weekly and monthly profits
18 hours ago
Gold prices fell on Friday as the dollar gained ground against most  major rivals following US ...
Palladium News


Palladium climbs to near $1500 an ounce
23 hours ago
Palladium prices rose on Friday even as the dollar edged up against major rivals, with the metal ...
Oil News


Oil extends gains to two-week high on supply shortage concerns
1 day ago
Oil prices rose in European trade for the second session, hitting two-week highs and on track for ...

Commodities Technical Analysis

Brent oil Analysis


Midday update for Brent oil 31-03-2023
1 day ago
Brent oil price resumes its positive trading now to move away from 78.50 level, to support the ...
Oil Analysis


Midday update for Crude oil 31-03-2023
1 day ago
Crude oil price is attempting to breach 74.50 level now, which supports the continuation of the ...
Silver Analysis


Midday update for Silver 31-03-2023
1 day ago
Silver prices fluctuate near 24.00 level, waiting for more rise to surpass this level and rally ...