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Midday update for Crude oil 24-01-2023

Economies.com
2023-01-24 09:56AM UTC

Crude oil price faces negative pressure to approach testing the bullish channel’s support line, and as we mentioned this morning, the price needs to hold above this support at 80.20 to keep the bullish trend active for today, as breaking it will push the price to achieve additional decline that targets 78.95 before any new attempt to rise, while breaching 81.60 represents the key to rally towards our next positive targets that start at 82.70 followed by 84.25.

 

The expected trading range for today is between 80.20 support and 83.20 resistance.

The expected trend for today: Bullish

Midday update for Silver 24-01-2023

Economies.com
2023-01-24 09:56AM UTC

Silver price finds difficulty to continue the rise, affected by stochastic negativity, and it might show some temporary sideways fluctuation before resuming the bullish bias again.

 

Until now, the bullish trend scenario still active as long as 23.05 level remains intact, reminding you that our waited targets begin at 24.05 followed by 24.55.

 

The expected trading range for today is between 23.20 support and 24.10 resistance.

 

The expected trend for today: Bullish

Midday update for Gold 24-01-2023

Economies.com
2023-01-24 09:55AM UTC

Gold price fluctuates around 1935.00 level, waiting to get positive motive that assist to push the price to continue the rise and head towards our next main target that reaches 1950.00.

 

In general, the bullish trend scenario will remain active for today unless breaking 1925.00 and holding below it.

 

The expected trading range for today is between 1920.00 support and 1955.00 resistance.

 

The expected trend for today: Bullish

Midday update for the GBPUSD 24-01-2023

Economies.com
2023-01-24 09:55AM UTC

The GBPUSD pair shows negative trades to press on the intraday bullish channel’s support line, which urges caution from the upcoming trading, as continuing the decline and breaking 1.2320 will stop the expected positive scenario for today and force the price to start intraday bearish correction, while the price step above 1.2385 to ease the mission of heading towards our next main target at 1.2590.

 

The expected trading range for today is between 1.2320 support and 1.2480 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.676 (2025-07-16 23:45PM UTC)