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Midday update for Crude oil 12-02-2024

Economies.com
2024-02-12 10:27AM UTC

Crude oil price faces negative pressure now to test the key support 75.90, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the bullish trend valid for today, which targets 77.86 as a next station.

 

On the other hand, we should note that breaking 75.90 will turn the intraday track to decline to head towards testing 74.95 areas initially.

 

The expected trading range for today is between 75.20 support and 78.00 resistance

 

The expected trend for today: Bullish

Midday update for Silver 12-02-2024

Economies.com
2024-02-12 10:27AM UTC

Silver price shows clear positive trades to reach the waited target at 23.00, and the way seems open to surpass this level and achieve additional gains that reach 23.70.

 

Therefore, the bullish trend scenario will remain valid and active for the upcoming period, supported by the EMA50 that carries the price from below, reminding you that it is important to hold above 22.25 to continue the expected rise.

 

The expected trading range for today is between 22.40 support and 23.10 resistance.

 

The expected trend for today: Bullish

Midday update for Gold 12-02-2024

Economies.com
2024-02-12 10:27AM UTC

Gold price almost didn’t show any move since morning, noticing that stochastic begins to overlap positively now, waiting to motivate the price to resume the expected bullish trend for today, which depends on the price stability above 2016.90, while its targets begin by breaching 2032.00 to ease the mission of rallying towards 2065.70 as a next main station.

 

The expected trading range for today is between 2010.00 support and 2040.00 resistance.

 

The expected trend for today: Bullish

Midday update for the GBPUSD 12-02-2024

Economies.com
2024-02-12 10:26AM UTC

The GBPUSD pair is testing 1.2645 level and finds solid resistance there, waiting to gather positive momentum that assist to push the price to surpass this level and open the way to achieve additional gains that reach 1.2765.

 

In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 1.2610 and holding with a daily close below it.

 

The expected trading range for today is between 1.2570 support and 1.2720 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $68.686 (2025-07-11 22:15PM UTC)