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Midday update for Crude oil 20-01-2021

Economies.com
2021-01-20 10:05AM UTC

Crude oil price settles around 53.50 level since morning, waiting for more rise to continue moving inside the main bullish channel that appears on the chart, to keep the bullish trend scenario active in the upcoming sessions conditioned by the price stability above 52.15, reminding you that our main targets begin at 53.90 and extend to 54.60 followed by 57.34.

 

The expected trading range for today is between 52.00 support and 55.00 resistance.

The expected trend for today: Bullish

Midday update for Silver 20-01-2021

Economies.com
2021-01-20 10:04AM UTC

Silver price keeps moving around 25.50 level, and as long as the price is below this level, our bearish overview will remain valid for today, supported by stochastic move at the overbought areas, waiting to rebound bearishly to head towards 22.87 that represents our next main target.

 

The expected trading range for today is between 24.70 support and 25.80 resistance.

 

The expected trend for today: Bearish

Midday update for Gold 20-01-2021

Economies.com
2021-01-20 10:04AM UTC

Gold price breached 1850.80 level clearly and closed the last four hours’ candlestick above it, which stops the morning suggested negative scenario and push the price for more expected bullish correction in the upcoming sessions, on its way to visit 1871.55 as a next target.

 

Therefore, the bullish bias will be suggested for the rest of the day unless breaking 1850.80 level and holding below it again.

 

The expected trading range for today is between 1840.00 support and 1871.00 resistance.

 

The expected trend for today: Bullish for the rest of the day

Midday update for the GBPUSD 20-01-2021

Economies.com
2021-01-20 10:04AM UTC

The GBPUSD pair rallied upwards strongly to succeed achieving our first target at 1.3700 and heads to surpass this level and achieve more expected gains in the upcoming sessions, to keep the bullish trend active on the intraday and short term basis, which its next target located at 1.3815, reminding you that it is important to hold above 1.3615 to continue the expected rise.

 

The expected trading range for today is between 1.3580 support and 1.3750 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.665 (2025-07-15 19:34PM UTC)