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Midday update for Crude oil 15-05-2019

Economies.com
2019-05-15 09:26AM UTC

Crude oil price makes new test to the key support 60.86, and it needs to break this level to confirm rallying towards our next correctional target at 57.33, noting that the EMA50 and stochastic provide negative signals that support the chances of continuing the decline in the upcoming sessions.

 

Therefore, our bearish overview will remain valid for today conditioned by the price stability below 62.20.

 

The expected trading range for today is between 59.00 support and 62.20 resistance.

 

The expected trend for today: Bearish

Midday update for Silver 15-05-2019

Economies.com
2019-05-15 09:26AM UTC

Silver price attempts to breach the bearish channel’s resistance, which urges caution from the upcoming trading, as confirming breaching 14.85 will turn the intraday track to rise to visit 15.22 before any new negative attempt.

 

Until now, the bearish trend scenario still valid for today conditoied by the price stability below 14.85, reminding you that our first main target is located at 14.50.

 

The expected trading range for today is between 14.50 support and 14.90 resistance.

 

The expected trend for today: Bearish

 

Midday update for Gold 15-05-2019

Economies.com
2019-05-15 09:26AM UTC

Gold price shows bullish bias now to approach testing 1302.60 level, noting that our neutrality still valid until the price confirms breaching the mentioned resistance or breaking 1287.00 support to detect the next targets clearly.

 

Note that the details of the expected targets after the breach are explained in our morning report.

 

The expected trading range for today is between 1285.00 support and 1315.00 resistance.

 

The expected trend for today: Depends on the above mentioned levels

Midday update for the GBPUSD 15-05-2019

Economies.com
2019-05-15 09:26AM UTC

The GBPUSD pair settles around 1.2900 level, and the negative effect of the head and shoulders’ pattern still active, to keep the bearish trend valid for the rest of the day, which its next target located at 1.2800, while achieving it conditions holding below 1.2962.

 

The expected trading range for today is between 1.2820 support and 1.2960 resistance.

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.925 (2025-07-03 05:45AM UTC)