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Midday update for Crude oil 04-05-2021

Economies.com
2021-05-04 08:35AM UTC

Crude oil price begins providing positive trades now to move away gradually from 64.35 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, which target 65.60 level as a first station, which breaching it represents the key to rally towards 67.95 as a next positive station, reminding you that it is important to hold above 64.35 as a first condition to continue the suggested positive scenario.

 

The expected trading range for today is between 63.30 support and 66.40 resistance.

The expected trend for today: Bullish

Midday update for Silver 04-05-2021

Economies.com
2021-05-04 08:34AM UTC

Silver price shows tight trades since morning, settling around 26.90, waiting to get positive motive that assist to push the price to surpass 27.00 level and confirm opening the way to head towards 27.80, to keep our bullish overview for the upcoming period unless breaking 26.40 level and holding below it.

 

The expected trading range for today is between 26.40 support and 27.50 resistance.

 

The expected trend for today: Bullish

Midday update for Gold 04-05-2021

Economies.com
2021-05-04 08:34AM UTC

Gold price tests the support base formed above 1785.00 after breaching it previously and keeps its stability above it until now, which keep the bullish trend scenario active for today, waiting to head towards 1838.00 as a next main target, reminding you that breaking the mentioned support will put the price under negative pressure that targets visiting 1765.00 areas before any new positive attempt.

 

The expected trading range for today is between 1780.00 support and 1810.00 resistance.

 

The expected trend for today: Bullish

Midday update for the GBPUSD 04-05-2021

Economies.com
2021-05-04 08:34AM UTC

The GBPUSD pair shows negative trades now affected by stochastic negativity, waiting to lean on the key support 1.3820 and return to resume the rise again.

 

Until now, the bullish trend scenario still valid and active for the upcoming period conditioned by the price stability above the mentioned support, reminding you that our first main target is located at 1.3975.

 

The expected trading range for today is between 1.3820 support and 1.4000 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.485 (2025-07-04 23:55PM UTC)