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Midday update for Crude oil 29-09-2022

Economies.com
2022-09-29 09:36AM UTC

Crude oil price resumes its negative trading to press on 80.00, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, motivated by stochastic negativity, waiting for more expected decline on the intraday and short term basis conditioned by the price stability below 82.70, reminding you that our waited targets begin at 79.35 and extend to 76.30 after breaking the previous level.

 

The expected trading range for today is between 79.00 support and 83.00 resistance.

The expected trend for today: Bearish

Midday update for Silver 29-09-2022

Economies.com
2022-09-29 09:35AM UTC

Silver price shows more decline to approach our first waited negative target at 18.35, getting continuous negative signals by stochastic and the EMA50, reminding you that breaking the mentioned level will press on the price to rally towards 17.55 as a next negative target, to keep the bearish trend scenario active unless breaching 18.80 and holding above it.

 

The expected trading range for today is between 18.10 support and 19.00 resistance.

 

The expected trend for today: Bearish

Midday update for Gold 29-09-2022

Economies.com
2022-09-29 09:35AM UTC

Gold price continues to decline to return to the bearish channel again, motivated by stochastic current negativity, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, waiting to visit 1638.00 as a next main station, noting that surpassing this level will push the price to 1614.80 as a next target, while holding below 1660.00 represents key condition to achieve the suggested targets.

 

The expected trading range for today is between 1625.00 support and 1670.00 resistance.

 

The expected trend for today: Bearish

Midday update for the GBPUSD 29-09-2022

Economies.com
2022-09-29 09:35AM UTC

The GBPUSD pair crawls downwards calmly, to keep the bearish trend scenario valid and active for today, motivated by stochastic current negativity, waiting for more decline to visit 1.0635 as a next main target, reminding you that it is important to hold below 1.0845 to continue the expected bearish trend.

 

The expected trading range for today is between 1.0690 support and 1.0850 resistance.

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Oil today?

The price of Oil is $66.639 (2025-07-16 22:45PM UTC)