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

Crude oil price forecast update 11-07-2024

Economies.com
2024-07-12 03:12AM UTC

Crude oil price faces negative pressure to move below 82.60$ level, and as long as the price is above 81.84$, our bullish overview will remain valid for today, waiting to get positive motive that assist to push the price to achieve our next main target at 84.68$.

 

The expected trading range for today is between 81.60$ support and 84.50$ resistance

 

Trend forecast: Bullish

Silver price forecast update 11-07-2024

Economies.com
2024-07-11 11:25AM UTC

Silver price attempts to consolidate above 31.00$ barrier, to support the continuation of the expected bullish trend on the intraday and short-term basis, waiting to visit 31.50$ followed by 32.00$ as next main targets, noting that trading below 31.00$ might put the price under negative pressure that targets 30.06$ before any new positive attempt.

 

The expected trading range for today is between 30.70$ support and 31.50$ resistance.

 

Trend forecast: Bullish

Gold price forecast update 11-07-2024

Economies.com
2024-07-11 11:25AM UTC

Gold price shows weak trades since morning, noticing that stochastic overlaps positively to motivate the price to achieve positive trades in the upcoming sessions, to keep the bullish trend scenario valid and active for today conditioned by the price stability above 2340.10$, reminding you that our next main target is located at 2400.00$, which breaching it represents the key to rally towards 2450.00$ as a next main station.

 

The expected trading range for today is between 2365.00$ support and 2400.00$ resistance.

 

Trend forecast: Bullish

The GBPUSD forecast update 11-07-2024

Economies.com
2024-07-11 11:24AM UTC

The GBPUSD price continues the bullish rally to approach our waited target at 1.2890$, and the way seems open to breach this level and achieve additional gains that reach 1.3000$.

 

Therefore, we will continue to suggest the bullish trend for today unless breaking 1.2780$ and holding below it.

 

The expected trading range for today is between 1.2800$ support and 1.2950$ resistance.

 

Trend forecast: Bullish