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End of day crude oil price forecast update - 26-07-2024

Economies.com
2024-07-26 17:56PM UTC

Crude oil price faced strong negative pressure to break 78.66$ and reach 77.24$ level, and we need to monitor the price according to these levels to detect the next destination clearly, noting that breaking 77.24$ support will push the price to suffer additional losses that reach 75.50$ as a next negative station, while breaching 78.66$ resistance represents the key to recover again and achieve gains that start by testing 80.08$.

Ethereum price (ETHUSD) forecast update - 26-07-2024

Economies.com
2024-07-26 09:23AM UTC

Ethereum price (ETHUSD) provides new bullish bias and attempts to approach 3300.00$ barrier, waiting for more rise to achieve our first expected target at 3360.31$, which breaching it represents the key to confirm rallying to target 3505.00$ followed by 3641.82$ levels.

 

In general, the bullish trend scenario will remain valid for today conditioned by the price stability above 3132.80$ - 3100.00$ levels.

 

The expected trading range for today is between 3100.00$ support and 3400.00$ resistance.

 

Trend forecast: Bullish

Bitcoin price (BTCUSD) forecast update - 26-07-2024

Economies.com
2024-07-26 09:23AM UTC

Bitcoin price (BTCUSD) shows additional positive trades and attempts to surpass the key resistance 67070.00$, which will ease the mission of achieving our positive targets that start at 68450.00$ and extend to 70000.00$.

 

Moving above the EMA50 supports the continuation of the expected bullish trend, which will remain valid conditioned by the price stability above 64880.00$.

 

The expected trading range for today is between 65500.00$ support and 69200.00$ resistance.

 

Trend forecast: Bullish

Brent oil price forecast update 26-07-2024

Economies.com
2024-07-26 09:23AM UTC

Brent oil price fluctuates near 82.74$ level since morning, and we still waiting to get confirmation signal for the next trend to continue monitoring the mentioned level, which keeps our neutrality valid until now.

 

To review the expected targets for the upcoming period, please check our morning report.

 

The expected trading range for today is between 81.00$ support and 84.40$ resistance.

 

Trend forecast: Neutral