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Midday update for Crude oil 06-05-2021

Economies.com
2021-05-06 10:19AM UTC

Crude oil price provided positive trades and attempted to step above 65.60, but it faces new negative pressure, noticing that stochastic approaches to provide positive overlapping signal now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 67.95 as a next station, while achieving it requires holding above 64.35.

 

The expected trading range for today is between 64.00 support and 67.00 resistance.

The expected trend for today: Bullish

Midday update for Silver 06-05-2021

Economies.com
2021-05-06 10:18AM UTC

Silver price trades positively now and attempts to return to the intraday bullish channel, which urges caution from the upcoming trading, as surpassing 26.70 and holding above it will stop the recently suggested negative scenario and lead the price to return to the bullish track again.

 

Therefore, we prefer staying aside until the price confirms its situation according to 26.70 level to detect the next destionation clearly.

 

The expected trading range for today is between 26.20 support and 26.90 resistance.

 

The expected trend for today: Neutral

Midday update for Gold 06-05-2021

Economies.com
2021-05-06 10:18AM UTC

Gold price resumed its bullish rally to approach our first waited target at 1800.00, reinforcing the expectations of continuing the bullish trend, which its next target located at 1838.00, supported by the EMA50, reminding you that the continuation of the bullish wave requires holding above 1784.00.

 

The expected trading range for today is between 1775.00 support and 1810.00 resistance.

 

The expected trend for today: Bullish

Midday update for the GBPUSD 06-05-2021

Economies.com
2021-05-06 10:18AM UTC

The GBPUSD pair didn’t show any strong move since morning, to continue fluctuating around the EMA50, thus, the bullish trend scenario will remain valid as it is without any change, depending on the price stability above 1.3820, reminding you that our next 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 $68.135 (2025-07-09 06:35AM UTC)