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Midday update for Wheat price 24-05-2022

Economies.com
2022-05-24 09:22AM UTC

Wheat price shows positive trades now and attempts to surpass 1200.00, which urges caution from the upcoming trading, as confirming the breach will stop the morning suggested negative scenario and lead the price to resume the main bullish trend, while consolidating below it will press on the price to decline again and head towards 1142.30 followed by 1114.00 levels mainly.

 

The expected trading range for today is between 1150.00 support and 1220.00 resistance.

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The expected trend for today: Bearish

Midday update for Brent oil 24-05-2022

Economies.com
2022-05-24 09:21AM UTC

Brent oil price trades positively now to move away from 110.05, reinforcing the expectations of continuing the bullish trend for the rest of the day, supported by stochastic reach to the oversold areas, waiting for more rise that gets continuous support by the EMA50, targeting 115.10 level as a next station, reminding you that it is important to hold above 110.05 to continue the expected bullish trend.

 

The expected trading range for today is between 109.00 support and 114.00 resistance.

 

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The expected trend for today: Bullish

Midday update for Crude oil 24-05-2022

Economies.com
2022-05-24 09:21AM UTC

Crude oil price shows positive trades now after pressing on 109.14, supported by stochastic and the EMA50 positivity, to keep the bullish trend scenario valid and active in the upcoming sessions, waiting to visit 113.70 that represents our next main target, reminding you that the continuation of the bullish wave depends on the price stability above 109.14.

 

The expected trading range for today is between 107.50 support and 113.00 resistance.

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The expected trend for today: Bullish

Midday update for Silver 24-05-2022

Economies.com
2022-05-24 09:21AM UTC

Silver price resumes its positive trading now, motivated by stochastic positivity, waiting for more rise affected by the inverted head and shoulders’ pattern that appears on the chart, reminding you that our expected target reaches 22.67, while achieving it requires holding above 21.70.

 

The expected trading range for today is between 21.50 support and 22.30 resistance.

 

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The expected trend for today: Bullish