Crude oil price is stable – Analysis - 14-02-2020
Economies.com
2020-02-14 05:58AM UTC
Crude oil price continues to fluctuate at the key resistance 51.80 and keeps its stability below it until now, which keeps the bearish trend scenario valid and active for the upcoming period, waiting to head towards 48.30 that represents our next main target.
On the other hand, we should note that breaching 51.80 and holding above it will stop the expected decline and leads the price to start recovery attempts that target testing 54.60 areas initially.
The expected trading range for today is between 49.50 support and 52.50 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold gives up two-week high following aggressive remarks
2024-05-13 10:00AM UTC
Gold prices fell in European trade on Monday for the first day in three away from two-week highs on ...
Commodities
Palladium regains footing but remains below $1000
2024-05-10 14:55PM UTC
Palladium prices rose on Friday even as the dollar inched higher against major rivals, however, the ...
Commodities
Silver prices rush to three-week highs as US yields taper off
2024-05-10 11:46AM UTC
Silver prices rose in European trade on Friday on track for the third straight profit, scaling a ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 13-05-2024
2024-05-13 10:37AM UTC
Brent oil price Expected Scenario Brent oil price shows bullish bias now, affected by ...
Commodities
Silver price forecast update 13-05-2024
2024-05-13 10:37AM UTC
Silver price Expected Scenario Silver price continues to fluctuate near 28.00$ level, ...
Commodities
Gold price forecast update 13-05-2024
2024-05-13 10:37AM UTC
Gold price Expected Scenario Gold price faces negative pressure now to head towards ...