Crude oil price needs the positive momentum – Analysis - 25-05-2022
Economies.com
2022-05-25 04:10AM UTC
Crude oil price provides new positive trades after testing 109.14 level again in the previous sessions, getting good positive support by the EMA50, waiting for more expected rise in the upcoming sessions, reminding you that our main expected target reaches 113.70.
Holding above 109.14 is important to continue the suggested bullish wave, as breaking it will press on the price to turn to decline and suffer losses that start by visiting 107.00 followed by 104.60 areas.
The expected trading range for today is between 108.50 support and 113.70 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Update: Silver price resumes the bullish track
2024-05-17 15:23PM UTC
Silver price rallied upwards strongly to breach 29.80$ level and approach 31.00$ barrier, to stop ...
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 ...