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Crude oil price forecast update 07-11-2024
Crude oil price faces negative pressure to move below 72.15$ level, which pushes the price to decline in the upcoming sessions and head to visit 70.58$ before any new positive attempt.
Therefore, it is important to monitor the price according to 72.15$ level, and it needs to trade above it again to revive the positive scenario that its next main target located at 73.71$.
The expected trading range for today is between 71.10$ support and 74.10$ resistance
Trend forecast: Bullish
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Silver price forecast update 07-11-2024
Silver price shows sideways and tight trades since morning, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 31.63$ level, reminding you that our targets begin at 30.63$ and extend to 29.64$ after breaking the previous level.
MoreGold price forecast update 07-11-2024
Gold price finds solid support at 2675.00$, as it shows some slight bullish bias now, affected by stochastic positivity, but we will continue to suggest the bearish trend in the upcoming sessions after breaking the bullish channel’s support line that appears on the chart, reminding you that our next target reaches 2600.00$.
MoreThe GBPUSD forecast update 07-11-2024
The GBPUSD price shows bullish bias to test the EMA50 that forms good resistance against the price, waiting to resume the negative trades to break 1.2866$ and confirm extending the bearish correction towards 1.2735$.
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