Crude oil price managed to touch our first target at 74.00 and bounced bearishly from there to test the intraday bullish channel’s support line that appears on the chart, noticing that stochastic got rid of its negativity to show oversold signals now, which supports the chances of resuming the expected bullish trend on the intraday and short term basis, which its targets extend to 75.55.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 72.50 and holding below it.

The expected trading range for today is between 72.00 support and 75.00 resistance.

The expected trend for today: Bullish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1736	0.0022	0.1891%
The EURUSD loses momentum – Analysis - 24-09-2021
	GBP/USD	1.3718	0.0042	0.3053%

	Tadawul	11270.57	-40.58	0.36%

	Silver	22.742	0.442	1.982%

	Oil	73.408	2.475	3.489%
Crude oil price hits the first target – Analysis - 24-09-2021
	Brent Oil	77.54	0.28	0.36%

	Gold	1756.065	-0.740	0.042%
Gold price approaches the target – Analysis - 24-09-2021

Live Forex Updates

Dollar deepens losses on weak data

2021-09-23 18:11:11 GMT

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2021-09-23 12:58:05 GMT

Dollar steadies ahead of Fed’s decision

2021-09-22 18:00:34 GMT

US crude inventories fall nearly 3.5 million barrels

2021-09-22 15:06:08 GMT

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