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Crude oil price gets negative close – Analysis - 23-06-2022

Economies.com
2022-06-23 04:32AM UTC

Crude oil price showed mixed trades yesterday after achieving our first waited negative target at 101.50 but it closed the daily candlestick below 104.60, to reinforce the expectations of continuing the bearish trend in the upcoming sessions, organized inside the bearish channel that appears on the chart, waiting to head towards 98.95 as a next main target.

 

Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, noting that breaching 104.60 will lead the price to start recovery attempts and achieve gains that start by visiting 109.15 areas.

 

The expected trading range for today is between 100.00 support and 105.00 resistance.

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The expected trend for today: Bearish

Silver price resumes the decline - Analysis - 23-06-2022

Economies.com
2022-06-23 04:32AM UTC

Silver price returned to decline after the slight rise that it witnessed yesterday, to keep the bearish trend scenario active for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to head towards 20.95 followed by 20.50 levels as next main targets.

 

The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 21.85 and 22.00 levels.

 

The expected trading range for today is between 20.80 support and 21.60 resistance.

 

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The expected trend for today: Bearish

Gold price tests the resistance – Analysis - 23-06-2022

Economies.com
2022-06-23 04:32AM UTC

Gold price provided positive trades to test the key resistance 1850.00, and bounced bearishly from there to keep the bearish trend scenario active for the upcoming period, waiting for more expected decline on the intraday basis, noticing that stochastic provides clear negative signals that we are waiting to motivate the price to head towards our main targets that start at 1810.00 followed by 1780.25.

 

Therefore, we will keep our bearish overview unless the price rallied to breach 1850.00 and hold above it.

 

The expected trading range for today is between 1800.00 support and 1850.00 resistance.

 

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The expected trend for today: Bearish

The USDCAD gets a positive signal – Analysis - 23-06-2022

Economies.com
2022-06-23 04:32AM UTC

The USDCAD pair attempted to break 1.2930 level but it kept its stability above it, as the EMA50 continues to provide the positive support to the price, while stochastic begins to provide new positive signals now.

 

Therefore, we believe that the chances valid to resume the bullish trend that targets 1.3010 followed by 1.3076 levels as next main stations, noting that breaking 1.2930 will stop the expected rise and press on the price to turn to decline.

 

The expected trading range for today is between 1.2910 support and 1.3040 resistance.

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The expected trend for today: Bullish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.824 (2025-07-14 21:05PM UTC)