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Midday update for Crude oil 07-10-2021

Economies.com
2021-10-07 09:28AM UTC

Crude oil price declined strongly to reach the thresholds of the extended target at 74.50, facing more negative pressure that might push the price to break the mentioned level and start bearish correction on the intraday basis, to keep the bearish bias suggested in the upcoming sessions unless the price managed to breach 76.65 and build support base above it.

 

The expected trading range for today is between 74.50 support and 77.00 resistance.

The expected trend for today: Bearish

Midday update for Silver 07-10-2021

Economies.com
2021-10-07 09:27AM UTC

Silver price shows bullish bias to approach 22.90 level, and begins to rebound bearishly that hint heading to resume the main bearish trend, to keep the negative scenario active for today, supported by stochastic negativity that appears clearly on the chart, noting that our first main target is located at 21.65, while achieving it requires holding below 22.90.

 

The expected trading range for today is between 22.00 support and 22.70 resistance.

 

The expected trend for today: Bearish

Midday update for Gold 07-10-2021

Economies.com
2021-10-07 09:27AM UTC

Gold price provided new positive trades to approach 1770.00 level, and as long as the price is below this level, our bearish overview will remain valid for today, supported by stochastic negativity, reminding you that our main waited target is located at 1735.00.

 

The expected trading range for today is between 1735.00 support and 1770.00 resistance.

 

The expected trend for today: Bearish

Midday update for the GBPUSD 07-10-2021

Economies.com
2021-10-07 09:27AM UTC

The GBPUSD pair tested the key resistance 1.3600 without managing to breach it, to remain confined between this resistance and 1.3530 support, and as we mentioned this morning, these levels represent the next trend keys, waiting to breach one of them to detect the next targets clearly.

 

Therefore, we will continue with our neutrality until now, and to review the expected targets after breaching the mentioned levels, please check our morning report.

 

The expected trading range for today is between 1.3490 support and 1.3670 resistance.

 

The expected trend for today: Neutral

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.834 (2025-07-04 02:55AM UTC)