Crude oil price traded with strong negativity to succeed achieving our first negative target at 54.47 and broke it to settle below it now, which supports the chances of extending the bearish wave on the short term basis, which its next target reach 51.61, while holding below 54.47 represents the first condition to continue the expected decline.

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1012	-0.0063	0.5702%
End of day analysis for the EURUSD 16-09-2019
	GBP/USD	1.2416	-0.0067	0.5367%

	Silver	17.858	0.406	2.329%

	Oil	61.970	7.077	12.891%
End of day analysis for Crude oil 16-09-2019
	Brent Oil	69.02	8.80	14.61%

	Gold	1499.605	10.625	0.714%
Midday update for Gold 16-09-2019

Live Forex Updates

Dollar rises on global economic concerns

2019-09-16 17:52:41 GMT

Loonies rises slightly despite oil jump

2019-09-16 15:43:16 GMT

Euro rises near 2-week high after Saudi oil attacks

2019-09-16 08:16:48 GMT

Dollar slips as focus shifts to US Fed meeting

2019-09-13 17:57:56 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.