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Midday update for Crude oil 16-09-2020

Economies.com
2020-09-16 09:31AM UTC

Crude oil price shows more rise to surpass 39.00 barrier and approaches our first waited positive target at 40.00, which supports the continuation of the expected bullish trend scenario for the upcoming period, noting that surpassing 40.00 followed 40.60 levels will extend the bullish wave to reach 41.85 on the near term basis, while the expected rise will remain valid conditioned by the price stability above 38.42 and 38.10.

 

The expected trading range for today is between 37.50 support and 40.60 resistance.

The expected trend for today: Bullish

Midday update for Silver 16-09-2020

Economies.com
2020-09-16 09:31AM UTC

Silver price resumes its positive trading to move away from the intraday bullish channel’s support line, getting positive signal by stochastic, waiting for more rise in the upcoming sessions, reminding you that our main waited targets begin at 28.90 and extend to 29.80, while holding above 26.90 represents key condition to continue the expected bullish trend.

 

The expected trading range for today is between 26.70 support and 28.20 resistance.

 

The expected trend for today: Bullish

Midday update for Gold 16-09-2020

Economies.com
2020-09-16 09:31AM UTC

Gold price trades with clear positivity to start attempts to breach 1967.90 level, which supports the continuation of the expected bullish trend scenario for today, motivated by stochastic that supports the chances of achieving the required breach to open the way to visit 2008.80 level as a next main target, reminding you that holding above 1952.30 is important to continue the expected rise.

 

The expected trading range for today is between 1945.00 support and 1985.00 resistance.

 

The expected trend for today: Bullish

Midday update for the GBPUSD 16-09-2020

Economies.com
2020-09-16 09:31AM UTC

The GBPUSD pair crawls upwards and settles above 1.2900 barrier, and continues to move inside the intraday bullish channel that appears on the chart, to keep the bullish trend scenario valid for today depending on the price stability above 1.2855, reminding you that our main waited target is located at 1.3000.

 

The expected trading range for today is between 1.2820 support and 1.3000 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.485 (2025-07-04 23:55PM UTC)