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Bitcoin price (BTCUSD) forecast update - 19-07-2024

Economies.com
2024-07-19 09:40AM UTC

Bitcoin price (BTCUSD) shows some bearish bias to test the key support 63075.00$, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend active for today, supported by stochastic positivity, reminding you that breaching 64795.00$ will provide good positive motive that reinforces the chances of resuming the bullish wave that its next targets located at 66085.00$ followed by 67070.00$.

 

The expected trading range for today is between 63000.00$ support and 66500.00$ resistance.

 

Trend forecast: Bullish

 

Brent oil price forecast update 19-07-2024

Economies.com
2024-07-19 09:40AM UTC

Brent oil price shows positive trades to head towards potential test to the key resistance 85.80$, affected by stochastic positivity, and as we mentioned this morning, the price needs to consolidate below this level to keep the bearish trend scenario active, which its targets begin at 84.11$ and extend to 82.74$ after breaking the previous level, noting that breaching the mentioned resistance will lead the price to turn to rise and regain the main bullish trend again.

 

The expected trading range for today is between 83.30$ support and 86.20$ resistance.

 

Trend forecast: Bearish

Crude oil price forecast update 19-07-2024

Economies.com
2024-07-19 09:40AM UTC

Crude oil price provides positive trades to breach 81.84$ and attempt to hold above it, to hint the attempt to activate the bullish wave scenario on the intraday basis, but we need to get a daily close above this level to confirm the continuation of the rise in the upcoming sessions.

 

Therefore, we will continue with our neutrality until we get clearer signal for the next trend through monitoring the price behavior according to 81.84$ level, while the details of the expected targets for the upcoming period are explained in our morning report.

 

The expected trading range for today is between 80.00$ support and 83.60$ resistance

 

Trend forecast: Neutral

 

Silver price forecast update 19-07-2024

Economies.com
2024-07-19 09:40AM UTC

Silver price provides new negative trades to press on 29.30$ level, which hints heading to achieve more decline for the upcoming sessions, paving the way to head towards 28.55$ as a next negative target, making the bearish bias expected for the rest of the day, taking into consideration that failing to confirm breaking 29.30$ will stop the negative scenario and lead the price to start recovery attempts that target visiting 30.06$ as a first station.

 

The expected trading range for today is between 29.10$ support and 30.10$ resistance.

 

Trend forecast: Neutral