End of day analysis for Crude oil 13-02-2019

Economies.com
2019-02-13 19:31PM UTC

Crude oil price started to test the neckline of the inverted head and shoulders’ pattern at 54.50, waiting to confirm the breach to activate the positive effect of this pattern and get strong motive that supports the chances of achieving our main targets that reach 57.46 followed by 65.00.

 

Therefore, we will continue to suggest the bullish trend conditioned by the price stability above 52.35.

Commodities News

Gold News

Commodities

Gold climbs as dollar stabilizes ahead of important data
2024-03-27 21:29PM UTC
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades ...
Oil News

Commodities

US crude stocks rise unexpectedly
2024-03-27 15:39PM UTC
The Energy Information Administration reported a buildup of 3.2 million barrels in US crude stocks ...
Oil News

Commodities

Oil prices extend losses after a spike in US inventories
2024-03-27 13:21PM UTC
Oil prices declined in European trade on Wednesday, extending losses for the second session, with ...

Commodities Technical Analysis

Brent oil Analysis

Commodities

Brent oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Brent Oil Price Analysis Brent oil price fluctuates within tight track since morning, settling ...
Oil Analysis

Commodities

Crude oil price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Crude Oil Price Analysis Crude oil price settles around 82.00$ level since morning, and ...
Gold Analysis

Commodities

Gold price forecast update 28-03-2024
2024-03-28 10:19AM UTC
Gold Price Analysis Gold price shows new positive trades to touch 2200.00$ barrier, waiting for ...