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Crude oil price loses momentum – Analysis - 26-05-2020

Economies.com
2020-05-26 00:24AM UTC

Crude oil price provided new positive trades yesterday to approach 34.60 level, noticing that the price started to provide bearish rebound signals now, as stochastic provides negative signals that we are waiting to assist to push the price to resume the expected correctional bearish trend for the upcoming period, which its main target located at 28.80.

 

Therefore, we will keep our bearish overview unless the price rallied to breach 34.60 and hold with a daily close above it.

 

The expected trading range for today is between 31.50 support and 35.00 resistance.

The expected trend for today: Bearish

Silver price around the support – Analysis - 26-05-2020

Economies.com
2020-05-26 00:23AM UTC

Silver price continues to fluctuate around 17.10 level, and as long as the price is above this level, our bullish overview will remain valid for the upcoming period, supported by the EMA50 that carries the price from below, organized inside the bullish channel that appears on the chart, reminding you that our main positive targets begin at 18.45 and extend to 18.93.

 

The expected trading range for today is between 16.90 support and 17.50 resistance.

 

The expected trend for today: Bullish

Gold price awaits the confirmation signal – Analysis - 26-05-2020

Economies.com
2020-05-26 00:23AM UTC

Gold price still stuck between the key levels represented by 1725.90 support and the resistance that declines now to 1742.00, thus, our neutrality will remain valid until the price confirms breaching one of these levels to detect its next targets clearly.

 

We remind you that breaking the mentioned support will put the price under negative pressure that targets testing 1691.10 mainly, while breaching the resistance will form positive motive that supports the chances of turning back to the main bullish track that its next main target located at 1810.00.

 

The expected trading range for today is between 1705.00 support and 1750.00 resistance.

 

The expected trend for today: Depends on the above mentioned levels

The USDCAD is stable – Analysis - 26-05-2020

Economies.com
2020-05-26 00:23AM UTC

The USDCAD pair keeps its stability below 1.4015, showing slight bearish bias in attempt to move away from this level, therefore, we will continue to suggest the bearish trend for the upcoming period, which depends on the price stability below the mentioned level, reminding you that our next main target is located at 1.3813.

 

The expected trading range for today is between 1.3900 support and 1.4040 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)