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Midday update for Crude oil 01-07-2022

Economies.com
2022-07-01 09:17AM UTC

Crude oil price trades with strong positivity to breach 104.60 level and reach 106.00 barrier, which hints the attempt to recover and return to rise, to stay neutral until the price confirms its situation according to the first level, as consolidating above it will lead the price to achieve positive targets that reach 109.15, while breaking it and trading below it again will reactivate the negative scenario that its targets begin at 101.20 and extend to 98.95.

 

The expected trading range for today is between 103.00 support and 108.00 resistance.

The expected trend for today: Neutral

Midday update for Silver 01-07-2022

Economies.com
2022-07-01 09:17AM UTC

Silver price declines strongly to surpass 20.00 level and confirms extending the bearish wave on the intraday and short term basis, opening the way to head towards our extended target that reaches 19.55, reminding you that the continuation of the expected decline depends on the price stability below 20.50.

 

The expected trading range for today is between 19.70 support and 20.50 resistance.

 

The expected trend for today: Bearish

Midday update for Gold 01-07-2022

Economies.com
2022-07-01 09:17AM UTC

Gold price shows additional negative trades to approach gradually from our waited target at 1780.25, being aware that we need to monitor the price at this level, as breaking it will push the price to suffer new losses that reach 1750.00, while holding below 1814.00 represents initial condition to continue the suggested bearish trend.

 

The expected trading range for today is between 1780.00 support and 1820.00 resistance.

 

The expected trend for today: Bearish

Midday update for the GBPUSD 01-07-2022

Economies.com
2022-07-01 09:16AM UTC

The GBPUSD pair continues to decline to approach our first waited target at 1.2077, waiting to break this level to confirm extending the bearish wave towards 1.1933, to keep the bearish trend scenario valid in the upcoming sessions conditioned by the price stability below 1.2225.

 

The expected trading range for today is between 1.2050 support and 1.2200 resistance.

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $68.686 (2025-07-11 23:05PM UTC)