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Crude oil price is calm – Analysis - 09-07-2020

Economies.com
2020-07-09 04:02AM UTC

Crude oil price did not show any strong move in the previous sessions, to continue fluctuating within the sideways range that appears on the chart, confined between 39.90 support and 40.80 resistance, thus, our neutrality will remain valid until the price manages to breach one of these levels and detect its next targets clearly.

 

We remind you that breaching the resistance will push the price to achieve new positive targets that start at 43.05, while breaking the support will force the price to decline and head towards 38.85 followed by 36.10 levels on the near term basis.

 

The expected trading range for today is between 39.00 support and 42.00 resistance.

The expected trend for today: Neutral

Silver price surpasses the resistance – Analysis - 09-07-2020

Economies.com
2020-07-09 04:02AM UTC

Silver price succeeded to breach 18.38 level, to open the way to achieve more gains on the intraday and short term basis, waiting to visit 18.93 level that represents our next positive target, noting that the EMA50 continues to support the bullish wave.

 

Therefore, we will be waiting for more rise today, but it is important to note that the continuation of the bullish wave requires holding above 18.38 and the most important above 18.05.

 

The expected trading range for today is between 18.55 support and 18.90 resistance.

 

The expected trend for today: Bullish

Gold price keeps achieving gains – Analysis - 09-07-2020

Economies.com
2020-07-09 04:01AM UTC

Gold price shows more rise and approached from the second waited target at 1825.00, affected by stochastic negativity to provide some slight negative trades now, waiting to get enough positive momentum to push the price to resume the main bullish trend, which its next target located at 1855.00.

 

The EMA50 keeps providing the positive support to the price, which moves organized inside the bullish channels that appear on the chart, thus, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1766.00.

 

The expected trading range for today is between 1795.00 support and 1830.00 resistance.

 

The expected trend for today: Bullish

The USDCAD hits the first target – Analysis - 09-07-2020

Economies.com
2020-07-09 04:01AM UTC

The USDCAD pair succeeded to achieve our first waited target at 1.3500 and settles near it, waiting for more decline to surpass this level and open the way to rally towards our next negative target that reaches 1.3362.

 

The EMA50 continues to press negatively on the price to support the chances of achieving the mentioned target, to keep our bearish overview unless the price rallied to breach 1.3612 and hold with a daily close above it.

 

The expected trading range for today is between 1.3430 support and 1.3580 resistance.

The expected trend for today: Bearish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $68.686 (2025-07-11 21:55PM UTC)