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Midday update for Crude oil 27-02-2020

Economies.com
2020-02-27 10:47AM UTC

Crude oil price settles below 48.00$ barrier, to keep the negative pressure valid for today, waiting to head towards 45.55 that represents our next main target, noting that the EMA50 supports the suggested bearish wave, which its continuation requires holding below 49.40.

 

The expected trading range for today is between 46.00 support and 49.00 resistance.

 

The expected trend for today: Bearish

Midday update for Silver 27-02-2020

Economies.com
2020-02-27 10:47AM UTC

Silver price did not show any strong move since morning, to keep the bullish trend scenario valid as it is for today, supported by stochastic positivity, waiting to visit 18.38 level as a first station, reminding you that holding above 17.60 is important to continue the expected bullish trend.

 

The expected trading range for today is between 17.90 support and 18.40 resistance.

 

The expected trend for today: Bullish

Midday update for Gold 27-02-2020

Economies.com
2020-02-27 10:47AM UTC

Gold price fluctuates near 1655.90 level, and we still waiting to breach this level to confirm the continuation of the main bullish trend, noting that the EMA50 keeps supporting the price from below, to keep our positive overview that targets 1720.00 areas mainly, while holding above 1635.20 represents key condition to continue the suggested rise.

 

The expected trading range for today is between 1635.00 support and 1670.00 resistance.

 

The expected trend for today: Overall Bullish

Midday update for the GBPUSD 27-02-2020

Economies.com
2020-02-27 10:47AM UTC

The GBPUSD pair continues to fluctuate around 1.2920 level and still below it, to keep the bearish trend valid and active for today, supported by the negative pressure formed by the EMA50, waiting to target 1.2736 level as a next main station, reminding you that it is important to hold below 1.3040 to continue the expected decline.

 

The expected trading range for today is between 1.2830 support and 1.3000 resistance.

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Oil today?

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