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Midday update for Crude oil 16-09-2021

Economies.com
2021-09-16 09:30AM UTC

Crude oil price settles around 72.70 level since morning, waiting to get positive motive that assist to push the price to breach 73.30 and confirm rallying towards our next positive target that reaches 75.00.

 

In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 71.05 and holding below it.

 

The expected trading range for today is between 71.50 support and 74.50 resistance.

The expected trend for today: Bullish

Midday update for Silver 16-09-2021

Economies.com
2021-09-16 09:30AM UTC

Silver price resumes its negative trading to move away from 23.95 level, which supports the continuation of our bearish overview efficiently in the upcoming sessions, and the way is open to achieve our waited target at 22.90, reminding you that it is important to hold below 23.95 to continue the expected decline.

 

The expected trading range for today is between 23.30 support and 24.10 resistance.

 

The expected trend for today: Bearish

Midday update for Gold 16-09-2021

Economies.com
2021-09-16 09:30AM UTC

Gold price faces clear negative pressure to break 1786.00 and attempts to hold below it, and by taking a deeper look at the chart, we find that the price completes forming head and shoulders’ pattern that has negative targets that surpass 1770.00 to reach 1735.00.

 

Therefore, the bearish bias will be suggested for the rest of the day unless the price rallied to breach 1797.00 and hold above it.

 

The expected trading range for today is between 1770.00 support and 1810.00 resistance.

 

The expected trend for today: Bearish

Midday update for the GBPUSD 16-09-2021

Economies.com
2021-09-16 09:30AM UTC

The GBPUSD pair shows some bearish bias to press on the EMA50, and as long as the price is above 1.3785, our bullish overview will remain valid for today, as breaking this level will press on the price to turn to decline, while the first positive target is located at 1.3890.

 

The expected trading range for today is between 1.3750 support and 1.3930 resistance.

 

The expected trend for today: Overall Bullish

Frequently asked questions

What is the price of Oil today?

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