Crude oil price is recovering – Analysis - 13-05-2022
Economies.com
2022-05-13 04:29AM UTC
Crude oil price couldn’t manage to hold for long time below 104.60, to trade with strong positivity and breach this level and settles above it, to head towards achieving new expected gains in the upcoming sessions, targeting 109.15 level as a next main station.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 104.60 will put the price under the negative pressure again.
The expected trading range for today is between 104.00 support and 109.15 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold declines to two-week lows
2024-04-23 20:50PM UTC
Gold prices fell on Tuesday even as the dollar fell against most major rivals ahead of important ...
Commodities
Oil prices hover at three-week lows as global supply concerns fade
2024-04-23 13:04PM UTC
Global oil prices fell in European trade on Tuesday on track for the second loss, almost touching ...
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities Technical Analysis
Commodities
End of day crude oil price forecast update - 23-04-2024
2024-04-23 18:24PM UTC
Crude oil price rallies upwards to reach our waited target at 83.90$, and the way seems open to ...
Commodities
Brent oil price forecast update 23-04-2024
2024-04-23 11:07AM UTC
Brent oil price attempted to breach 87.67$ level but it returns to hold below it, to keep the ...
Commodities
Crude oil price forecast update 23-04-2024
2024-04-23 11:07AM UTC
Crude oil price provided new positive trades to reach 83.40$ areas, and bounced bearishly to ...