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Midday update for Crude oil 23-07-2021

Economies.com
2021-07-23 09:25AM UTC

Crude oil price didn’t show any strong move since morning, and continues to fluctuate around 71.60 level, and as long as the price is above 71.05, our bullish overview will remain valid for today, supported by moving above the EMA50, reminding you that our main waited targets begin at 73.30 and extend to 75.00.

 

The expected trading range for today is between 70.20 support and 73.30 resistance.

The expected trend for today: Bullish

Midday update for Silver 23-07-2021

Economies.com
2021-07-23 09:25AM UTC

Silver price showed some bearish bias this morning to approach the bearish flag’s support line mentioned in our last report, noticing that stochastic provides negative signals that we are waiting to assist to push the price to break 25.05 followed by heading towards our negative targets that start at 24.95 and extend to 23.76, reminding you that it is important to hold below 25.65 to continue the expected decline.

 

The expected trading range for today is between 24.70 support and 25.65 resistance.

 

The expected trend for today: Bearish

 

Midday update for Gold 23-07-2021

Economies.com
2021-07-23 09:24AM UTC

Gold price shows positive attempts but the EMA50 continues to press negatively on the price, while stochastic overlaps negatively, waiting to motivate the price to resume the expected bearish trend for today, which its targets begin by breaking 1797.00 to confirm rallying towards 1770.00.

 

In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 1825.15 and holding above it.

 

The expected trading range for today is between 1775.00 support and 1820.00 resistance.

 

The expected trend for today: Bearish

Midday update for the GBPUSD 23-07-2021

Economies.com
2021-07-23 09:24AM UTC

The GBPUSD pair shows bearish bias to move below the EMA50, and it might head for potential test to the key support 1.3680 before turning back to rise, affected by stochastic negativity.

 

As long as the price is above the mentioned support, our bullish overview will remain valid, reminding you that our main waited target is located at 1.3840.

 

The expected trading range for today is between 1.3700 support and 1.3850 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $68.686 (2025-07-11 22:15PM UTC)