Crude oil keeps its negative stability – Analysis - 17-10-2018
Economies.com
2018-10-17 04:45AM UTC
Crude oil price settles below 72.12 level, and the EMA50 forms continuous negative pressure against the price, while stochastic reaches the overbought areas now.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, which targets 70.66 followed by 69.19 levels as next main stations, while holding below 73.07 represents the most important condition to continue the expected decline.
Expected trading range for today is between 70.00 support and 73.07 resistance.
Expected trend for today: Bearish
Commodities News
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities
Nickel edges up as dollar tumbles
2024-05-15 15:57PM UTC
Nickel prices rose on Wednesday as the dollar slid against major rivals following major US ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...
Commodities
Silver price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Silver Price Analysis Expected Scenario Silver price is testing 29.80$ again, and as long ...