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Crude oil price is recovering – Analysis - 24-01-2022

Economies.com
2022-01-24 05:13AM UTC

Crude oil price bounced upwards clearly to attempt to return to the bullish channel that appears on the chart, which hints stopping the bearish correction and head to resume the main bullish trend, and the price needs to surpass 86.00 to confirm the continuation of the rise towards 88.00 as a next main positive target.

 

Therefore, the bullish trend will remain suggested in the upcoming sessions conditioned by surpassing 86.00 level in addition to the consolidation above 84.80, as breaking this level will put the price under the negative pressure again, to head towards 82.80 followed by 81.25 levels mainly.

 

The expected trading range for today is between 84.40 support and 87.30 resistance.

The expected trend for today: Bullish

Silver price presses on the support - Analysis - 24-01-2022

Economies.com
2022-01-24 05:13AM UTC

Silver price begins today with additional decline to press on 24.20 level, but we will depend on the last daily close above this level to keep our positive overview for the upcoming period, supported by stochastic reach to the oversold areas, waiting to head towards 25.05 that represents our next main target.

 

On the other hand, we should note that failing to consolidate above 24.20 will stop the positive scenario and press on the price to turn to decline.

 

The expected trading range for today is between 23.90 support and 24.60 resistance.

 

The expected trend for today: Bullish

Gold price leans on the support base – Analysis - 24-01-2022

Economies.com
2022-01-24 05:13AM UTC

Gold price bounced bullishly after testing the support base 1830.00, to keep the bullish trend scenario valid and active on the intraday basis, organized inside the bullish channel that appears on the chart, waiting to visit 1860.00 mainly.

 

The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1825.15.

 

The expected trading range for today is between 1825.00 support and 1855.00 resistance.

 

The expected trend for today: Bullish

The USDCAD tests the resistance – Analysis - 24-01-2022

Economies.com
2022-01-24 05:13AM UTC

The USDCAD pair rallied upwards clearly to test the key resistance 1.2590, and begins to rebound bearishly from there, supported by stochastic negativity, to keep the bearish trend scenario valid and active for the upcoming period, waiting to test 1.2480 initially.

 

We remind you that breaking the targeted level will push the price to 1.2370 as a next negative target, while the price needs to hold below 1.2590 to achieve the suggested targets.

 

The expected trading range for today is between 1.2480 support and 1.2610 resistance.

The expected trend for today: Bearish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.911 (2025-07-14 20:45PM UTC)