Crude oil surpasses the target – Analysis - 24-09-2018
Economies.com
2018-09-24 04:24AM UTC
Crude oil price succeeded to breach 71.38 level and hold above it, reinforcing the chances of continuing the bullish trend on the short term basis, paving the way to target 73.00 level as a next main station.
The bullish channel keeps organizing the suggested bullish wave, supported by the EMA50 that carries the price from below, noting that holding above 71.38 is considered as the first condition to continue the expected bullish rally.
Expected trading range for today is between 73.00 support and 70.00 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities
Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Commodities
Oil prices extend losses to 3%, hitting April lows
2024-04-17 18:33PM UTC
Oil prices fell on Wednesday and sharpened their losses considerably following US inventory data, ...
Commodities Technical Analysis
Commodities
Wheat price is recovering – Forecast today - 19-04-2024
2024-04-19 04:21AM UTC
Wheat Price Analysis Expected Scenario Wheat price opens today’s trading with ...
Commodities
Sugar price loses momentum – Forecast today - 19-04-2024
2024-04-19 04:21AM UTC
Sugar Price Analysis Expected Scenario Sugar price settles around 19.50$ level, noticing ...
Commodities
Soybean price continues to decline – Forecast today - 19-04-2024
2024-04-19 04:20AM UTC
Soybean Price Analysis Expected Scenario Soybean price shows more bearish bias to reach ...