Update: Crude oil price surpasses the first target

Economies.com
2023-03-17 14:19PM UTC

Crude oil price declined strongly to surpass our first waited target at 67.65 and opens the way to achieve more bearish bias to head towards our next target at 65.70, and we suggest the continuation of the bearish trend domination and suffer additional losses that extend to 64.00 areas, taking into consideration that the continuation of the bearish wave depends on the price stability below 69.25.

Advertistment

Commodities News

Gold News

Commodities

Gold resumes gains as US treasury yields decline
2023-12-05 08:55AM UTC
Gold prices rose in European trade on Tuesday, resuming gains and moving off recent record highs as ...
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 ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Midday update for Brent oil 05-12-2023
2023-12-05 10:35AM UTC
Brent oil price shows clear positive trading, to attack the critical resistance at 79.20, affected ...
Oil Analysis

Commodities

Midday update for Crude oil 05-12-2023
2023-12-05 10:35AM UTC
Crude oil price trades positively, attempting to breach 73.73 level, which requires being aware ...
Silver Analysis

Commodities

Midday update for Silver 05-12-2023
2023-12-05 10:35AM UTC
Silver price keeps its stability below 24.60 level, keeping the bearish trend scenario valid and ...