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Midday update for Crude oil 24-01-2024

Economies.com
2024-01-24 11:17AM UTC

Crude oil price shows weak trades since morning, thus, no change to the expected bullish trend scenario for today, which depends on the price stability above 73.73 and 73.05 levels, supported by the EMA50 that carries the price from below, noting that we are waiting to visit 77.86 as a next main target.

 

The expected trading range for today is between 73.00 support and 76.00 resistance

 

The expected trend for today: Bullish

Midday update for Silver 24-01-2024

Economies.com
2024-01-24 11:17AM UTC

Silver price rallies upwards to test 22.50 level and head towards activating the positive scenario in the upcoming sessions, targeting testing 23.00 level initially, noting that breaching it will extend the bullish wave to reach 23.70 areas on the near-term basis, while the expected rise will remain valid unless breaking 22.25 and holding below it.

 

The expected trading range for today is between 21.90 support and 22.90 resistance.

 

The expected trend for today: Neutral

Midday update for Gold 24-01-2024

Economies.com
2024-01-24 11:16AM UTC

Gold price shows positive trades now to hint heading towards the waited target at 2065.70, to keep the bullish trend valid and active for today, supported by stochastic positivity that appears on the intraday time frames, reminding you that the continuation of the bullish wave depends on the price stability above 2016.90.

 

The expected trading range for today is between 2010.00 support and 2045.00 resistance.

 

The expected trend for today: Bullish

Midday update for the GBPUSD 24-01-2024

Economies.com
2024-01-24 11:16AM UTC

The GBPUSD pair rallies upwards to reach the thresholds of the first waited target at 1.2780, and we suggest the continuation of the bullish bias to visit 1.2825 as a next station, noting that surpassing this level will lead the price to achieve more gains on the longer-term basis and head towards 1.3000 areas.

 

Therefore, the bullish trend will remain valid and active for the upcoming period unless breaking 1.2650 and holding below it.

 

The expected trading range for today is between 1.2630 support and 1.2780 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $67.165 (2025-08-01 23:05PM UTC)