Crude oil price forecast update 28-03-2024
Economies.com
2024-03-28 10:19AM UTC
Crude Oil Price Analysis
- Crude oil price settles around 82.00$ level since morning, and didn’t show any strong move in the previous sessions, thus, no change to the expected bullish trend for today, which its targets begin by breaching 82.40$ to open the way to head towards 83.56$ as a next positive station, noting that the consolidation of the mentioned level against the positive attempts will stop the expected rise and push the price to visit 80.68$ mainly.
Expected Trading Range
- Support: 81.00$
- Resistance: 83.80$
Trend forecast: Bullish
Silver price forecast update 28-03-2024
Economies.com
2024-03-28 10:19AM UTC
Silver Price Analysis
- Silver price faces expected negative pressure to test the key support 24.30$, while we still monitoring the price and waiting to get clearer signal for the next trend, through breaking the mentioned support or breaching 24.85$ resistance, to keep our neutrality valid until now.
- We remind you that breaking the support will push the price to achieve additional bearish correction that its next targets reach 23.85$ followed by 23.40$, while breaching the resistance will lead the price to resume the main bullish trend and target 25.50$ areas initially.
Expected Trading Range
- Support: 24.10$
- Resistance: 25.00$
Trend forecast: Neutral
Gold price forecast update 28-03-2024
Economies.com
2024-03-28 10:19AM UTC
Gold Price Analysis
- Gold price shows new positive trades to touch 2200.00$ barrier, waiting for more rise to visit 2222.86$ that represents our next main target.
- Stochastic negativity interprets the reasons of the current slow bullish wave and the difficulty to continue the rise, noting that the continuation of the bullish wave depends on the price stability above 2166.50$.
Expected Trading Range
- Support: 2175.00$
- Resistance: 2210.00$
Trend forecast: Bullish
The GBPUSD forecast update 28-03-2024
Economies.com
2024-03-28 10:19AM UTC
GBPUSD Trading Analysis
- The GBPUSD price shows calm bearish bias to gradually approach our first waited target at 1.2580$, and we suggest breaking this level to extend the correctional bearish wave towards 1.2480$ as a next main station.
- Therefore, the bearish trend will remain valid and dominant in the upcoming sessions, noting that breaching 1.2700$ will stop the expected decline and lead the price to turn to rise.
Expected Trading Range
- Support: 1.2530$
- Resistance: 1.2690$
Trend forecast: Bearish
Frequently asked questions
What is the price of Oil today?
The price of Oil is $66.485 (2025-07-04 23:55PM UTC)