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End of day crude oil price forecast update - 20-08-2024

Economies.com
2024-08-20 16:03PM UTC

Crude oil price tested the key resistance at 75.00$ and rebounds downwards clearly from there, to keep the bearish trend scenario valid and active for the upcoming period, waiting to visit 72.85$ followed by 72.05$ levels as next negative targets, reminding you that it is important to hold below 75.00$ to continue the expected decline.

End of day gold price forecast update - 20-08-2024

Economies.com
2024-08-20 16:03PM UTC

Gold price provided clear positive trades and approached our waited target at 2540.00$, and bounced bearishly to approach 2500.00$ barrier, noting that the positive scenario will remain valid unless breaking 2483.40$ and holding below it, as breaking this level will push the price to achieve some bearish correction before turning back to rise again.

End of day EURUSD price forecast update - 20-08-2024

Economies.com
2024-08-20 16:03PM UTC

The EURUSD price continues to rise to approach our waited target at 1.1140$, waiting for more rise to achieve additional gains that reach 1.1240$ followed by 1.1275$, to continue suggesting the bullish trend on the intraday and short term basis conditioned by the price stability above 1.1050$.

Ethereum price (ETHUSD) forecast update - 20-08-2024

Economies.com
2024-08-20 09:21AM UTC

Ethereum price (ETHUSD) crawls upwards, affected by stochastic current negativity that hinders the mission to rise, waiting to gather positive momentum that assist to push the price to resume the positive trades and head towards our main targets that start at 2775.00$ and extend to 2905.30$.

 

In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 2545.00$ and holding below it.

 

The expected trading range for today is between 2530.00$ support and 2780.00$ resistance.

 

Trend forecast: Bullish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.404 (2025-07-16 08:35AM UTC)