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End of day analysis for Crude oil 16-05-2019

Economies.com
2019-05-16 17:30PM UTC

Crude oil price achieved initial breach to 62.70 resistance lien and attempts to hold above it, to hind the price head to achieve more gains in the upcoming period and regaining the main bullish trend, but we need to get a daily close above the mentioned level to confirm the continuation of the bullish bias on the intraday and short term basis followed by heading towards 65.00 followed by 66.60 levels as next main stations.

End of day analysis for Gold 16-05-2019

Economies.com
2019-05-16 17:30PM UTC

Gold price trades with clear negativity to press on the key support 1286.00, and as we mentioned in our major reports, this level represents one of the trend keys besides 1302.60 resistance, noting that the continuation of the negative pressure and confirming the break will push the price to keep declining and achieve negative targets that start at 1275.30 and extend to 1253.20.

End of day analysis for the EURUSD 16-05-2019

Economies.com
2019-05-16 17:30PM UTC

The EURUSD pair begins pressing on 1.1180 level and attempts to confirm breaking it, which supports the continuation of our bearish overview for the upcoming sessions, paving the way to head towards 1.1100 that represents our next main target, reminding you that the continuation of the expected decline depends on the price stability below 1.1250.

Midday update for DashCoin 16-05-2019

Economies.com
2019-05-16 09:35AM UTC

DashCoin price shows more strong rise to achieve our first expected target at 158.00 and test the resistance line that appears on the chart, expecting the continuation of the bullish bias to surpass the mentioned level and extend the bullish wave to reach 175.00 on the near term basis.

 

Therefore, we are waiting for more rise in the upcoming sessions supported by the EMA50, conditioned by the price stability above 147.34.

 

The expected trading range for today is between 145.00 support and 162.00 resistance

The expected trend for today: Bullish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.884 (2025-07-03 05:25AM UTC)