Rising oil prices, driven by Israel's actions, raised concerns about global oil supply. Ongoing uncertainties persist concerning geopolitics and future interest rates, influencing market recovery. WHERE RESISTANCE PLACED AT - 6030 Buying is only recommended if the crude sustained above - 7050 Selling below - 6984
If Silvermini sustains above 72600, then further higher levels will be accomplished. This is because a breakout above a key resistance level is often followed by a continuation of the uptrend. The consolidation bar on September 6th suggests that buyers and sellers are in a stalemate at this level. However, if buyers can push the price above 72600 and keep it...
Natural gas is supported by level 219.9 and is expected to rise in the near future, with a target of 228 in the coming sessions. a breakout above 222.5 to confirm the bullish trend. If natural gas fails to break through this level, it could retrace back to the support zone at 219.9-221.9. Overall, the technical outlook for natural gas is bullish. A breakout...
CRUDEOIL is approaching a key resistance level at 7713. If it breaks through this level, it could reach new all-time highs. This week's high target is 7675-7725. Traders should watch for a breakout above 7713 to confirm the bullish trend. If CRUDEOIL fails to break through this level, it could retrace back to the support zone at 7625-7650. Overall, the technical...