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Midday update for Crude oil 04-12-2019

Economies.com
2019-12-04 10:32AM UTC

Crude oil price provides new positive trading to test the EMA50, accompanied by stochastic entering the overbought areas, and as long as the price is below 57.40, our bearish overview will remain valid for today, as breaching it will push the price to achieve additional gains that reach 60.90, while our first negative target is located at 54.60.

 

The expected trading range for today is between 54.60 support and 57.40 resistance.

 

The expected trend for today: Bearish

Midday update for Silver 04-12-2019

Economies.com
2019-12-04 10:32AM UTC

Silver price rebounds bearishly after testing 17.25 level this morning, accompanied by witnessing negative signals through stochastic, thus, the chances valid to continue the decline in the upcoming sessions, reminding you that we need to break 16.85 to confirm rallying towards 16.33, while the price needs to hold below 17.25 to continue the expected decline.

 

The expected trading range for today is between 16.85 support and 17.30 resistance.

 

The expected trend for today: Bearish

Midday update for Gold 04-12-2019

Economies.com
2019-12-04 10:31AM UTC

Gold price rebounds bearishly after testing the minor resistance that appears on the chart, and stochastic begins to provide negative signals now, which reinforces the expectations of continuing the bearish trend for the rest of the day, which targets 1447.00 as a next station, reminding you that holding below 1489.00 represents key condition to continue the suggested bearish wave.

 

The expected trading range for today is between 1460.00 support and 1490.00 resistance.

 

The expected trend for today: Overall Bearish

Midday update for the GBPUSD 04-12-2019

Economies.com
2019-12-04 10:31AM UTC

The GBPUSD pair succeeded to touch our waited target at 1.3045 and attempts to breach it, reinforcing the expectations of extending the bullish wave on the short term basis, reminding you that our next target extends to 1.3180, while achieving it conditions holding above 1.2840.

 

The expected trading range for today is between 1.2920 support and 1.3070 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $63.144 (2025-08-15 23:55PM UTC)