Midday update for Crude oil 03-12-2021
Economies.com
2021-12-03 11:15AM UTC
Crude oil price trades with clear positivity to breach 67.40 level and attempts to hold above it, which hints heading to attempt to recover in the upcoming sessions and head to test 70.85 areas initially, to stay aside until the price confirms its situation according to 67.40 level to confirm the next destination clearly.
Note that trading below this level again will reactivate the bearish trend scenario that its next main target located at 61.85.
The expected trading range for today is between 66.50 support and 69.50 resistance.
The expected trend for today: Neutral
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
Natural gas price confirms the positivity – Forecast today – 24-4-2024
2024-04-24 05:43AM UTC
Natural Gas Price Analysis Expected Scenario Natural gas price provided new positive ...
Commodities
Platinum price suffers additional losses – Forecast today – 24-4-2024
2024-04-24 05:34AM UTC
Suggested Scenarios and Trading Range Analysis Scenario: Potential Reversal to Bullish ...
Commodities
Copper price provides mixed trades – Forecast today – 24-4-2024
2024-04-24 05:33AM UTC
Suggested Scenarios and Trading Range Analysis Scenario 1: Continuation of Bearish ...