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End of day analysis for Crude oil 24-01-2020

Economies.com
2020-01-24 19:50PM UTC

Crude oil price managed to break 54.60 level to approach closing the week below it, which reinforces the expectations of extending the bearish wave on the short term basis, paving the way to head towards 51.80 that represents our next main target, noting that holding below 54.60 represents initial condition to continue the suggested bearish trend.

End of day analysis for Gold 24-01-2020

Economies.com
2020-01-24 19:50PM UTC

Gold price succeeded to touch our waited target at 1575.90 and settles there, waiting for more rise to breach this level and open the way to head towards 1611.20 as a next station, to keep our bullish overview that gets positive support by the EMA50, which will remain valid unless breaking 1554.10 level and holding below it.

 

Midday update for Wheat price 24-01-2020

Economies.com
2020-01-24 11:18AM UTC

Wheat price continues to fluctuate near the bullish channel’s support line, and the price gets continuous positive support by the EMA50, thus, our bullish overview will remain valid as long as 570.00 level remains intact, noting that we are waiting to rally towards 596.00 level as a next main target.

 

The expected trading range for today is between 570.00 support and 590.00 resistance.

The expected trend for today: Bullish

Midday update for Sugar price 24-01-2020

Economies.com
2020-01-24 11:18AM UTC

Sugar price provides calm positive trading that hints the price head to resume the expected bullish trend for today, supported by stochastic reach to the oversold areas, waiting to target 15.00 level as a next main station, while holding above 14.14 represents key condition to continue the expected rise.

 

The expected trading range for today is between 14.35 support and 14.75 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 23:05PM UTC)