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Midday update for Crude oil 02-12-2021

Economies.com
2021-12-02 10:21AM UTC

Crude oil price shows some bullish bias to head towards potential test to 67.40 level, affected by stochastic positivity, and as long as the price is below this level, our bearish overview will remain valid and active for today, waiting to resume the bearish bias that targets 64.30 followed by 61.85 levels as next main stations.

 

The expected trading range for today is between 64.00 support and 67.80 resistance.

The expected trend for today: Bearish

Midday update for Silver 02-12-2021

Economies.com
2021-12-02 10:21AM UTC

Silver price shows slight bearish bias now to head towards resuming the expected bearish trend for the upcoming period, and we believe that the way is open to visit 21.40 as a next main station, waiting for more decline for the rest of the day conditioned by the price stability below 22.70 as a first protection factor to the continuation of the suggested bearish bias.

 

The expected trading range for today is between 21.80 support and 22.70 resistance.

 

The expected trend for today: Bearish

Midday update for Gold 02-12-2021

Economies.com
2021-12-02 10:21AM UTC

Gold price begins to press on 1770.00 level in attempt to break it, to support the continuation of the expected bearish trend scenario on the intraday basis, which targets 1734.00 as a next main station, waiting for more decline in the upcoming sessions unless the price rallied to breach 1797.00 and hold above it.

 

The expected trading range for today is between 1755.00 support and 1790.00 resistance.

 

The expected trend for today: Bearish

Midday update for the GBPUSD 02-12-2021

Economies.com
2021-12-02 10:20AM UTC

The GBPUSD pair shows some bullish bias to head towards potential test to the first key resistance 1.3355, and as we mentioned this morning, the price needs to hold below this level and below 1.3415 to keep the bearish trend scenario active for today, supported by the EMA50 that presses negatively on the price, reminding you that we are waiting to visit 1.3160 as a next main station.

 

The expected trading range for today is between 1.3190 support and 1.3355 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 22:15PM UTC)