Crude oil price begins to rebound bearishly – Analysis - 11-11-2019
Economies.com
2019-11-11 05:52AM UTC
Crude oil price made new test to 57.40 level and kept its stability below it, to start bouncing bearishly and move away from this level, which keeps the bearish trend scenario valid and active for the upcoming period, supported by stochastic negativity that appears on the four hours’ time frame, waiting to target 56.00 followed by 54.60 levels as next main stations.
We remind you that the continuation of the expected bearish trend conditions the stability of the daily close below 57.40.
The expected trading range for today is between 54.60 support and 58.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities
Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Commodities
Oil prices extend losses to 3%, hitting April lows
2024-04-17 18:33PM UTC
Oil prices fell on Wednesday and sharpened their losses considerably following US inventory data, ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 18-04-2024
2024-04-18 11:12AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price broke the 87.67$ level ...
Commodities
Crude oil price forecast update 18-04-2024
2024-04-18 11:12AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price resumes its negative trading ...
Commodities
Silver price forecast update 18-04-2024
2024-04-18 11:11AM UTC
Silver Price Analysis Expected Scenario Silver price is attempting to return to the ...