Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Crude oil price forecast update 03-02-2025

Economies.com
2025-02-03 09:14AM UTC

Crude oil price shows bullish bias to move away from 73.90$ and head towards potential test to the key resistance 75.52$, these levels form the next trend keys now, as the price needs to surpass one of them to detect its next destination clearly, which keeps our neutrality valid until now.

 

The continuation of the rise and breaching the mentioned resistance will lead the price to turn to rise and achieve new gains that reach 77.52$, while breaking the support will push the price to resume the correctional bearish track and visit 72.30$ initially.

 

The expected trading range for today is between 72.40$ support and 75.60$ resistance

 

Trend forecast: Neutral

Silver price forecast update 03-02-2025

Economies.com
2025-02-03 09:14AM UTC

Silver price shows bullish bias to head towards potential test to the key resistance 31.63$, affected by stochastic positivity, and as long as the price is below this level, the bearish trend scenario will remain valid for the upcoming period, as breaching it represents the key to achieve new gains that reach 32.86$, while the first negative target of the expected decline is located at 30.63$.

 

The expected trading range for today is between 30.35$ support and 31.25$ resistance.

 

Trend forecast: Bearish

Gold price forecast update 03-02-2025

Economies.com
2025-02-03 09:13AM UTC

Gold price trades with clear positivity to hint the attempt to recover in the upcoming sessions, motivated by stochastic positivity, making the bullish bias suggested on the intraday basis, waiting to test 2820.00$ initially, taking into consideration that failing to surpass 2800.00$ barrier will push the price to decline again and head to visit 2764.20$ mainly.

 

The expected trading range for today is between 2775.00$ support and 2805.00$ resistance.

 

Trend forecast: Bullish

The GBPUSD forecast update 03-02-2025

Economies.com
2025-02-03 09:13AM UTC

The GBPUSD price shows tight trades since morning, settling below 1.2300$ barrier, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 1.2360$, motivated by the previously completed double top pattern, reminding you that our main waited target reaches 1.2100$.

 

The expected trading range for today is between 1.2170$ support and 1.2330$ resistance

 

Trend forecast: Bearish