Crude oil tests the support base – Analysis - 13-09-2018
Economies.com
2018-09-13 03:54AM UTC
Crude oil price tests the support base formed at 69.74 after breaching it previously and keeps its stability above it until now, accompanied by stochastic reach to the overbought areas’ thresholds, which supports the chances of resuming the expected bullish trend on the intraday and short term basis, which its next targets located at 71.38 and extend to 72.70.
We should note that breaking 69.74 might push the price to test 68.73 followed by 67.91 levels before any new attempt to rise.
Expected trading range for today is between 68.73 support and 71.80 resistance.
Expected trend for today: Bullish
Commodities News
Commodities
How did gold become a major component in Nvidia's signature GPUs?
2024-04-25 20:32PM UTC
Nvidia has witnessed one of the most stunning success stories in recent years.. But before we get ...
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...