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Crude oil price keeps its positive stability – Analysis - 24-01-2024

Economies.com
2024-01-24 04:11 UTC

Crude oil price tested 73.73 level and kept its consolidation above it, and continues to move inside the bullish channel that appears on the chart, noticing that the EMA50 continues to support the price from below.

 

Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, reminding you that the next main target reaches 77.86, while breaking 73.73 followed by 73.05 levels will stop the expected rise and push the price to turn to decline.

 

The expected trading range for today is between 73.00 support and 76.00 resistance

 

The expected trend for today: Bullish

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Silver price attempts positively - Analysis - 24-01-2024

Economies.com
2024-01-24 04:10 UTC

Silver price provided positive trades to settle above 22.25 level, which hints the attempt to build intraday bullish wave, but we notice that the price is facing negative pressure formed by the EMA50, besides losing the positive momentum clearly by stochastic.

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Gold price around the moving average – Analysis - 24-01-2024

Economies.com
2024-01-24 04:10 UTC

Gold price returns to fluctuate around the EMA50, waiting to resume the expected bullish wave on the intraday and short-term basis, which targets visiting 2065.70 mainly.

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The USDCAD consolidates below the resistance – Analysis - 24-01-2024

Economies.com
2024-01-24 04:10 UTC

The USDCAD pair shows sideways trades since yesterday, settling below the broken neckline of the double top pattern, to keep the bearish trend scenario active for the upcoming period, waiting to visit 1.3350 mainly.

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