Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Update: The EURUSD touches the first target

Economies.com
2024-10-09 15:06PM UTC

The EURUSD price touched our first target at 1.0940$ and begins to press on it, waiting for more decline and surpass this level to achieve additional negative targets that reach 1.0880$ as a next negative station, to keep the bearish trend valid conditioned by the price stability below 1.0990$ and 1.1040$ levels.

Brent oil price forecast update 09-10-2024

Economies.com
2024-10-09 09:18AM UTC

Brent oil price settles near 78.47$ level, keeping its stability below it, to keep the bearish trend scenario valid and active for today, waiting to test 76.68$ level initially, reminding you that breaking it will push the price towards 75.24$ as a next main target, while the expected decline will remain valid unless breaching 78.47$ and holding above it.

 

The expected trading range for today is between 75.80$ support and 79.00$ resistance.

 

Trend forecast: Bearish

Crude oil price forecast update 09-10-2024

Economies.com
2024-10-09 09:18AM UTC

Crude oil price shows sideways and tight trades since morning, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 75.36$, reminding you that we are waiting to break 73.48$ to confirm opening the way to head towards 71.95$ as a next negative station.

 

The expected trading range for today is between 72.00$ support and 75.30$ resistance

 

Trend forecast: Bearish

Silver price forecast update 09-10-2024

Economies.com
2024-10-09 09:18AM UTC

Silver price continues to fluctuate around 30.50$ level, and as long as the price is below 31.00$, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our targets begin by breaking 30.06$ to confirm heading towards 29.30$ as a next station.

 

The expected trading range for today is between 29.90$ support and 30.90$ resistance.

 

Trend forecast: Bearish