Crude oil price forecast update 25-04-2024
Economies.com
2024-04-25 09:42AM UTC
Crude Oil Price Analysis
Expected Scenario
- Crude oil price trades positively to approach the key resistance 83.90$, which represents one of the trend keys besides 82.90$ support.
- We keep our neutrality valid until the price breaches one of these levels followed by detecting the next targets clearly.
We remind you that breaking the mentioned support will push the price to visit 81.50$ as a next negative target, while breaching the resistance represents the key to resume the main bullish trend to target 85.40$ areas initially.
Expected Trading Range
Between 81.60$ support and 85.00$ resistance.
Trend Forecast: Neutral
Commodities News
Commodities
Copper extends gains in challenge to global geopolitical concerns
2024-05-13 15:50PM UTC
Copper prices rose on Monday as the dollar inched down against most major rivals despite ongoing ...
Commodities
Brent climbs nearly 1.5% on Asian demand hopes
2024-05-13 14:32PM UTC
International benchmark Brent rose 1.5% in American trade on Monday, resuming its recovery from ...
Commodities
Gold gives up two-week high following aggressive remarks
2024-05-13 10:00AM UTC
Gold prices fell in European trade on Monday for the first day in three away from two-week highs on ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 13-05-2024
2024-05-13 10:37AM UTC
Brent oil price Expected Scenario Brent oil price shows bullish bias now, affected by ...
Commodities
Crude oil price forecast update 13-05-2024
2024-05-13 10:37AM UTC
Crude oil price Expected Scenario Crude oil price trades positively to head towards ...
Commodities
Silver price forecast update 13-05-2024
2024-05-13 10:37AM UTC
Silver price Expected Scenario Silver price continues to fluctuate near 28.00$ level, ...