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Update: Crude oil suffers strong losses

Economies.com
2021-03-08 17:22PM UTC

Crude oil price continued its negative pressure to break 66.30 level and confirm opening the way to achieve bearish correction for the last bullish wave, on its wa to visit 64.55 after surpassing the first correctional level at 65.80, making the bearish trend suggested in the upcoming sessions unless the price managed to breach 65.80 and hold above it.

Update: Gold price succeeds to break

Economies.com
2021-03-08 17:22PM UTC

Gold price broke 1692.00 level strongly to confirm opening the wa to head towards our next target that reaches 1655.00, to keep the negative scenario dominant in the upcoming period unless the price rallied to breach 1718.00 level and hold above it.

Update: The EURUSD confirms the break

Economies.com
2021-03-08 17:21PM UTC

The EURUSD pair shows more decline after confirming breaking 1.1888 level, reinforcing the expectations of continuing the bearish trend, which targets 1.1788 level as a next station, noting that holding below 1.1888 represents the first condition to continue the expected decline.

General Motors regains footing - Analysis - 08-03-2021

Economies.com
2021-03-08 12:34PM UTC

General Motors' stock (GM) rose 3.70% in the last session after leaning on the support of the 50-day SMA, amid the dominance of the main upward medium-term trend, countered with negative signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 56.93. 

 

Expected trend for today: Bullish 

Frequently asked questions

What is the price of Oil today?

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