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Midday update for Corn price 14-02-2020

Economies.com
2020-02-14 11:09AM UTC

The tight range dominates Corn Price trades since morning, thus, no change to the sideways move scenario that confines the price between 380.10 support and 394.10 resistance, waiting to breach one of these levels to detect its next destination clearly.

 

The expected trading range for today is between 378.00 support and 387.00 resistance.

 

The expected trend for today: Sideways

Midday update for Brent oil 14-02-2020

Economies.com
2020-02-14 11:09AM UTC

Brent oil price shows shows positive trading now to approach testing the key resistance 57.36, and as we mentioned in our morning report, the stability of the daily close below this level keeps our bearish overview valid for today, supported by the negative signal provided by stochastic, waiting to head towards 52.00 as a next main station, taking into consideration that breaching 57.36 will push the price to achieve more bullish correction that its next target located at 59.91.

 

The expected trading range for today is between 54.20 support and 57.36 resistance.

 

The expected trend for today: Bearish

Midday update for Crude oil 14-02-2020

Economies.com
2020-02-14 11:09AM UTC

Crude oil price trades positively to breach 51.80, which urges caution from the upcoming trading, as confirming breaching this level by getting a daily close above it will stop the recently suggested negative scenario and leads the price to achieve intraday gains that it target 54.60 as a first station, while the price needs to trade below 51.80 again to resume the decline that its next main target located at 48.30.

 

The expected trading range for today is between 49.50 support and 53.00 resistance.

 

The expected trend for today: Bearish

Midday update for Silver 14-02-2020

Economies.com
2020-02-14 11:09AM UTC

Silver price did not show any strong move since morning, to continue fluctuating near 17.60, and as long as the price is above thisl level, our bullish overview will remain valid, supported by stochastic approach to the overbought areas, reminding you that our next main target is located at 18.38.

 

The expected trading range for today is between 17.50 support and 17.85 resistance.

 

The expected trend for today: Bullish