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Crude oil price forecast update 21-08-2024

Economies.com
2024-08-21 09:20AM UTC

Crude oil price settles around 74.00$ level, waiting to get negative motive that assist to push the price to resume the expected bearish trend for today, which gets good support by the EMA50, waiting to visit 72.85$ followed by 72.05$ levels as next negative stations, reminding you that holding below 75.00$ is important to the continuation of the expected decline and guarantee not turning to rise.

 

The expected trading range for today is between 72.04$ support and 75.00$ resistance

 

Trend forecast: Bearish

Silver price forecast update 21-08-2024

Economies.com
2024-08-21 09:19AM UTC

Silver price shows tight trades since morning, keeping its stability above 29.30$, while stochastic begins to overlap positively, waiting to motivate the price to resume the expected bullish trend for today, which targets testing 30.06$ initially, reminding you that breaching it will push the price towards 31.00$, while holding above 29.30$ represents key condition to achieve the suggested targets.

 

The expected trading range for today is between 29.30$ support and 30.06$ resistance.

 

Trend forecast: Bullish

Gold price forecast update 21-08-2024

Economies.com
2024-08-21 09:19AM UTC

The tight range dominates gold price trades since morning, which hovers around 2510.00$ level, thus, no change to the expected bullish trend scenario for today, which targets 2540.00$ level as a next station, noting that stochastic gets rid of its negative momentum to support the positive overview, while the EMA50 continues to support the price from below.

 

The expected trading range for today is between 2500.00$ support and 2545.00$ resistance.

 

Trend forecast: Bullish

The GBPUSD forecast update 21-08-2024

Economies.com
2024-08-21 09:18AM UTC

The GBPUSD price faces solid resistance at 1.3044$, affected by the RSI negativity to show some slight bearish bias, waiting to resume the main bullish wave that its targets begin by breaching the mentioned level to confirm opening the way to rally towards 1.3175$ as a next main station, to keep the bullish trend scenario valid and active for today unless breaking 1.2970$ and holding below it.

 

The expected trading range for today is between 1.2960$ support and 1.3110$ resistance.

 

Trend forecast: Bullish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $67.676 (2025-07-21 05:55AM UTC)