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

Crude oil price forecast update 18-07-2024

Economies.com
2024-07-18 09:22AM UTC

Crude oil price faces negative pressure now to head towards potential test to the key support 81.84$, and as long as the price is above this level, our bullish overview will remain valid for today, as breaking this level represents the key to return to the correctional bearish track again, while the price needs to surpass 83.05$ to ease the mission of heading towards our next main target at 84.68$.

 

The expected trading range for today is between 81.70$ support and 84.70$ resistance

 

Trend forecast: Bullish

Silver price forecast update 18-07-2024

Economies.com
2024-07-18 09:21AM UTC

Silver price trades positively and attempts to surpass the minor resistance that appears on the chart, motivated by stochastic positivity that supports the chances of continuing the bullish bias and achieve more gains today, waiting to visit 31.00$ as a first station, which breaching it represents the key to rally towards 31.50$ followed by 32.00$ levels, reminding you that the continuation of the bullish wave depends on the price stability above 30.06$.

 

The expected trading range for today is between 30.00$ support and 31.00$ resistance.

 

Trend forecast: Bullish

Gold price forecast update 18-07-2024

Economies.com
2024-07-18 09:21AM UTC

Gold price crawls upwards, and stochastic continues to provide the positive signals, waiting for more rise for the rest of the day, reminding you that our waited target is located at 2500.00$.

 

The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 2450.00$.

 

The expected trading range for today is between 2450.00$ support and 2490.00$ resistance.

 

Trend forecast: Bullish

The GBPUSD forecast update 18-07-2024

Economies.com
2024-07-18 09:21AM UTC

The GBPUSD price faces negative pressure to approach the first key support 1.2960$, and the price needs to consolidate above this level as a first condition to the continuation of the expected bullish trend for today, which its next target located at 1.3140$.

 

On the other hand, we should note that continuing to decline and breaking 1.2960$ followed by 1.2890$ levels will put the price under negative pressure that its main target reaches the bullish channel’s support line around 1.2695$.

 

The expected trading range for today is between 1.2940$ support and 1.3090$ resistance.

 

Trend forecast: Bullish