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Midday update for Crude oil 19-09-2023

Economies.com
2023-09-19 11:30AM UTC

Crude oil price provides more bullish bias to attempt to surpass 92.00 barrier, waiting for additional positive trades to achieve our targets that start at 92.45 and extend to 95.00 after surpassing the previous level.

 

In general, we will continue to suggest the bullish trend for today unless breaking 91.00 and holding with a daily close below it.

 

The expected trading range for today is between 90.40 support and 93.50 resistance.

 

The expected trend for today: Bullish

Midday update for Silver 19-09-2023

Economies.com
2023-09-19 11:30AM UTC

Silver price shows positive trades to support the continuation of the expected bullish trend for today, which targets testing 23.70 as a next station, supported by moving above the EMA50.

 

Holding above 23.00 is important to continue the expected rise, as breaking it will put the price under negative pressure that its next main target reaches 22.25.

 

The expected trading range for today is between 22.90 support and 23.70 resistance.

 

The expected trend for today: Bullish

Midday update for Gold 19-09-2023

Economies.com
2023-09-19 11:29AM UTC

Gold price resumes its positive trading to move away from the breached neckline of the inverted head and shoulders’ pattern, reinforcing the expectations of continuing the bullish trend for the rest of the day, and the way is open to achieve our next target at 1945.20, reminding you that breaching it will push the price to 1960.00 as a next positive station.

 

On the other hand, we should note that breaking 1929.00 will stop the positive scenario and push the price to turn to decline.

 

The expected trading range for today is between 1920.00 support and 1950.00 resistance.

 

The expected trend for today: Bullish

Midday update for the GBPUSD 19-09-2023

Economies.com
2023-09-19 11:29AM UTC

The GBPUSD pair shows sideways trades since morning, settling below 1.2400 level, thus, no change to the expected bearish trend for today, which targets 1.2310 as a next station, noting that breaching 1.2435 might push the price to test 1.2505 areas before any new attempt to decline.

 

The expected trading range for today is between 1.2285 support and 1.2445 resistance.

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $68.686 (2025-07-11 23:05PM UTC)