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Evening update for Crude oil 02-12-2021

Economies.com
2021-12-02 17:59PM UTC

Crude oil price declined sharply to approach our extended target at 61.85, and bounced upwards strongly to reach the key resistance 67.40 again, which urges caution from the upcoming trading, due to the high volatility that we witness on oil prices, noting that consolidating below the mentioned resistance will press on the price to decline again and target 61.85 areas mainly, while breaching it will lead the price to start recovery attempts and head towards 70.85 on the near term basis.

Evening update analysis for Gold 02-12-2021

Economies.com
2021-12-02 17:59PM UTC

Gold price managed to break 1770.00 level and attempts to hold below it, reinforcing the expectations of continuing the bearish trend in the upcoming period, paving the way to head towards 1734.00 that represents our next target, noting that holding below 1770.00 represents the first condition to continue the expected decline.

Disney in a free fall - Analysis - 02-12-2021

Economies.com
2021-12-02 11:08AM UTC

Disney's stock (DIS) tumbled 1.9% in the last session, settling at 142.15, amid the dominance of the downward correctional trend in the medium term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

 

Therefore we expect more losses for the stock, targeting the support of 134.10, provided it settles below 142.42.

 

Expected trend for today: Bearish

Ford trims gains - Analysis - 02-12-2021

Economies.com
2021-12-02 11:07AM UTC

Ford Motor Company's stock (F) rallied 2.03% in the last session, settling at 19.53 amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, while the RSI reached oversold levels.

 

Therefore we expect more gains for the stock, targeting the resistance of 21.70, provided the support of 19.00 holds on.

 

Expected trend for today: Bullish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.665 (2025-07-15 19:35PM UTC)