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Update: Crude oil faces solid support

Economies.com
2021-01-22 17:37PM UTC

Crude oil price found solid support at 51.70, to rebound bullishly and approaches testing the key resistance 52.80, which urges caution from the upcoming trading, as breaching the mentioned resistance will push the price to regain the main bullish trend again, while breaking the support represents negative factor that will press on the price to achieve negative targets that start at 49.70.

Update: Gold price consolidates above the support

Economies.com
2021-01-22 17:35PM UTC

Gold price attempted to break 1850.80 and decline to reach the first negative target at 1838.00, but it bounced upwards clearly to settle above the first level, to continue monitoring the price according to 1850.80 support and 1871.55 resistance, waiting to breach one of these levels to detect the next destination clearly.

Boeing seeks a bottom to bolster it - Analysis- 22-01-2021

Economies.com
2021-01-22 12:36PM UTC

Boeing's stock (BA) fell 1.91% in the last session while trading alongside the upward medium-term trend line, with positive signals from the RSI, while seeking a bottom to bounce it higher anew. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 234.58, provided it holds above 208.04. 

 

Expected trend for today: Bullish

American International Group tries to vent off overbought saturation - Analysis - 22-01-2021

Economies.com
2021-01-22 12:36PM UTC

AIG's stock fell 1.17% in the last session while leaning on the support of 41.00, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term, while gathering momentum to help it rise anew, as it vents off overbought saturation in the RSI. 

 

Therefore we expect the stock to return higher, targeting the resistance of 47.04, representing the ratio 76.4% of the same retracement levels. 

 

Expected trend for today: Bullish

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What is the price of Oil today?

The price of Oil is $66.485 (2025-07-04 23:55PM UTC)