Midday update for Crude oil 13-09-2018
Economies.com
2018-09-13 09:43AM UTC
Crude oil price falls under negative pressure to break 69.74 level now, which opens the way towards a potential visit to 68.73 level and might extend to 67.91 before resuming the bearish trend.
Therefore, the price might witness more decline for the rest of the day unless it managed to step above 69.74 level and hold above it again, while the decline will be confirmed after closing the next four hours’ candlestick below the mentioned level.
Expected trading range for today is between 68.73 support and 71.80 resistance.
Expected trend for today: Bearish for the rest of the day
Commodities News
Commodities
Gold moves in a positive zone ahead of US inflation data
2024-05-15 09:19AM UTC
Gold prices rose in European trade on Wednesday, extending gains for the second straight day and ...
Commodities
Gold climbs ahead of inflation data, Powell's speech
2024-05-14 08:35AM UTC
Gold prices rose in European trade on Tuesday, resuming gains after a short hiatus, as US 10-year ...
Commodities
Copper extends gains in challenge to global geopolitical concerns
2024-05-13 15:50PM UTC
Copper prices rose on Monday as the dollar inched down against most major rivals despite ongoing ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 15-05-2024
2024-05-15 09:29AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price settles within a tight range ...
Commodities
Crude oil price forecast update 15-05-2024
2024-05-15 09:29AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price fluctuates within a tight ...
Commodities
Silver price forecast update 15-05-2024
2024-05-15 09:29AM UTC
Silver Price Analysis Expected Scenario Silver price continues to rise to achieve our ...