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Crude oil price keeps its positive stability – Analysis - 02-06-2020

Economies.com
2020-06-02 04:15AM UTC

Crude oil price shows positive trades after leaning on 34.60 level, to approach the key resistance 36.10, and as we mentioned yesterday, the price needs to breach this level to confirm the continuation of the main bullish trend that moves organized inside the bullish channel that appears on the chart, noting that the expected targets reach 41.04 followed by 43.05.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 34.60 and 34.20 levels.

 

The expected trading range for today is between 34.20 support and 37.50 resistance.

The expected trend for today: Bullish

 

Silver price gathers the positive momentum – Analysis - 02-06-2020

Economies.com
2020-06-02 04:14AM UTC

Silver price shows sideways trading since yesterday, settling around 18.20, while stochastic begins to get rid of the negative momentum, noticing that the EMA50 keeps supporting the price from below, to protect the continuation of trading inside the bullish channel that appears on the chart.

 

Therefore, we the main bullish trend scenario will remain valid for the upcoming period, which its next main target located at 18.93, noting that breaking 17.77 will press on the price to test the key support 17.10 before any new attempt to rise.

 

The expected trading range for today is between 18.00 support and 18.60 resistance.

 

The expected trend for today: Bullish

Gold price attempts positively – Analysis - 02-06-2020

Economies.com
2020-06-02 04:14AM UTC

Gold price shows calm positive trades to move away from the EMA50, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, waiting to test 1764.00 that represents our first main target, reminding you that breaching this level will push the price to 1810.00 as a next station.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 1719.00 will press on the price to test the most important support at 1691.00 before any new positive attempt.

 

The expected trading range for today is between 1720.00 support and 1764.00 resistance.

 

The expected trend for today: Bullish

The USDCAD surpasses the target – Analysis - 02-06-2020

Economies.com
2020-06-02 04:13AM UTC

The USDCAD pair rallied downwards strongly yesterday to succeed hitting our waited target at 1.3612 and broke it to close the daily candlestick below it, which opens the way to extend the bearish wave on the short term and medium term basis, noting that the next negative stations begin at 1.3450 and extend to 1.3362.

 

Therefore, the bearish trend will remain suggested in the upcoming sessions unless breaching 1.3612 level and holding above it.

 

The expected trading range for today is between 1.3470 support and 1.3612 resistance.

The expected trend for today: Bearish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.485 (2025-07-04 23:55PM UTC)