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Crude oil price under the negative pressure – Analysis - 14-03-2023

Economies.com
2023-03-14 03:54AM UTC

Crude oil price resumed its negative trades clearly to move away from 75.64 level, reinforcing the chances of activating the negative scenario on the intraday and short term basis, opening the way to achieve negative targets that start by surpassing 73.70 to open the way to head towards 70.30 areas.

 

Therefore, we expect to witness more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 75.64 will stop the expected bearish trend and lead the price to start bullish wave and attempts to recover on the intraday basis.

 

The expected trading range for today is between 71.80 support and 75.20 resistance.

The expected trend for today: Bearish

Silver price approaches the second target - Analysis - 14-03-2023

Economies.com
2023-03-14 03:53AM UTC

Silver price approached 22.00 barrier, showing sideways trades now, waiting to gather positive momentum that assists to push the price to resume the expected bullish wave on the intraday basis, which its next target located at 22.13.

 

The EMA50 carries the price from below, reinforcing the chances of achieving more gains in the upcoming sessions, noting that surpassing the suggested target will push the price to 23.05 as a next positive target.

 

On the other hand, we should note that breaking 21.40 followed by 20.64 levels will stop the expected bullish wave and press on the price to decline again.

 

The expected trading range for today is between 21.35 support and 22.10 resistance.

The expected trend for today: Bullish

Gold price achieves more gains – Analysis - 14-03-2023

Economies.com
2023-03-14 03:53AM UTC

Gold price settles above 1900.00$ barrier, affected by stochastic negativity to show sideways fluctuation now, waiting to get positive motive that assists to push the price to resume the bullish wave that its next targets located at 1928.60 followed by 1960.00.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50 that pushes the price upwards, noting that breaking 1878.80 will stop the positive scenario and put the price under the correctional bearish pressure again, to head towards visiting 1828.70 areas initially.

 

The expected trading range for today is between 1890.00 support and 1928.00 resistance.

 

The expected trend for today: Bullish

The USDCAD hits the target – Analysis - 14-03-2023

Economies.com
2023-03-14 03:53AM UTC

The USDCAD pair managed to touch our waited target at 1.3680 and found solid support there, to rebound bullishly and head towards resuming the bullish wave withing the bullish channel that appears on the chart, waiting to achieve positive targets that start at 1.3800 and extend to 1.3890.

 

Therefore, we suggest witnessing more bullish bias in the upcoming sessions, supported by the EMA50 that carries the price from below, besides the positive signals provided by stochastic, taking into consideration that breaking 1.3680 will stop the expected rise and press on the price to achieve new decline that its next target reaches 1.3560.

 

The expected trading range for today is between 1.3680 support and 1.3830 resistance.

The expected trend for today: Bullish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $68.686 (2025-07-11 21:55PM UTC)