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Midday update for Crude oil 24-02-2021

Economies.com
2021-02-24 10:35AM UTC

Crude oil price trades with clear positivity to reach the key resistance 62.30, and as we mentioned this morning, breaching this level will ease the mission of continuing the main bullish trend, which its next target located at 65.60, which makes us keeps our positive overview conditioned by the price stability above 60.30, noting that stochastic and the EMA50 provide positive signals that support the suggested rise.

 

The expected trading range for today is between 60.00 support and 63.00 resistance.

The expected trend for today: Bullish

Midday update for Silver 24-02-2021

Economies.com
2021-02-24 10:34AM UTC

Silver price settles above 27.50 level, and stochastic continues to provide the positive signals, thus, our bullish overview will remain valid for today, which targets 29.00 followed by 29.80 levels as next main stations, noting that the continuation of the bullish wave requires holding above 27.50.

 

The expected trading range for today is between 27.40 support and 28.50 resistance.

 

The expected trend for today: Bullish

Midday update for Gold 24-02-2021

Economies.com
2021-02-24 10:34AM UTC

Gold price did not show any strong move since morning, to continue fluctuating between the trend keys represented by 1800.00 support and 1820.00 resistance, and as we mentioned this morning, the price needs to breach one of these levels to detect the next trend clearly, noting that the details of the expected targets after the breach are explained in our previous report.

 

The expected trading range for today is between 1790.00 support and 1830.00 resistance.

 

The expected trend for today: Neutral

Midday update for the GBPUSD 24-02-2021

Economies.com
2021-02-24 10:34AM UTC

The GBPUSD pair shows negative trades now to move away from the intraday bullish channel’s support line, which supports the continuation of our bearish overview for today, which targets testing 1.4050 before resuming the main bullish trend, reminding you that breaching 1.4200 will stop the expected decline and push the price to continue the main bullish trend without the need to the suggested decline.

 

The expected trading range for today is between 1.4050 support and 1.4250 resistance.

 

The expected trend for today: Bearish temporarily

Frequently asked questions

What is the price of Oil today?

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