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Midday update for Crude oil 23-06-2021

Economies.com
2021-06-23 09:35AM UTC

Crude oil price attempts to breach the ascending triangle’s resistance that appears on the chart at 73.30, which supports the continuation of our bullish overview efficiently for the rest of the day, which targets 74.00 followed by 75.55 levels as main stations, noting that the EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 72.50.

 

The expected trading range for today is between 72.00 support and 75.00 resistance.

The expected trend for today: Bullish

Midday update for Silver 23-06-2021

Economies.com
2021-06-23 09:35AM UTC

Silver price continues to fluctuate around 26.00 level and still below it, and as long as the price is below 26.25, our bearish overview will remain valid and active for today, supported by the negative pressure formed by the EMA50, reminding you that our targets begin by breaking 25.65 to open the way to head towards 24.95.

 

The expected trading range for today is between 25.40 support and 26.40 resistance.

 

The expected trend for today: Bearish

Midday update for Gold 23-06-2021

Economies.com
2021-06-23 09:34AM UTC

Gold price tested the bearish pennant pattern’s resistance, and it needs to hold below 1800.00 to keep the bearish trend active on the intraday and short term basis, as breaching it will push the price to turn to rise, while breaking 1775.00 represents the key to resume the bearish wave that its next main target located at 1734.10.

 

The expected trading range for today is between 1760.00 support and 1800.00 resistance.

 

The expected trend for today: Bearish

Midday update for the GBPUSD 23-06-2021

Economies.com
2021-06-23 09:34AM UTC

The GBPUSD pair rallied upwards strongly to breach 1.3960 and attempts to hold above it, reinforcing the expectations of continuing the bullish trend, which targets 1.4027 as a next main station, noting that surpassing the EMA50 will add more confirmation to the continuation of the expected rise, which will remain valid unless breaking 1.3890 and holding below it.

 

The expected trading range for today is between 1.3860 support and 1.4020 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.824 (2025-07-14 21:15PM UTC)