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Brent oil price achieves the full targets – Analysis - 06-10-2021
Brent oil price succeeded to achieve our extended target at 82.70, noticing that the price bounced bearishly from there to head towards potential visit to the bullish channel’s support line that appears on the chart, making the bearish trend suggested in the upcoming sessions, supported by stochastic negativity.
The expected targets begin at 79.90 and extend to 77.70, taking into consideration that breaching 83.05 will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 80.50 support and 83.30 resistance.
The expected trend for today: Bearish
Crude oil price hits the target – Analysis - 06-10-2021
Crude oil price begins to rebound bearishly after touching the main bullish channel’s resistance, which hints heading to start bearish wave on the intraday basis, targeting 77.85 followed by 76.65 as first negative stations, noting that breaking the last level will extend the bearish wave to reach 74.35.
MoreSilver price gets a negative signal - Analysis - 06-10-2021
Silver price fluctuates within tight sideways track in the previous sessions, noticing that stochastic begins to provide negative signals now, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which its targets begin at 21.65.
MoreGold price faces solid support – Analysis - 06-10-2021
Gold price continues to fluctuate around the breached resistance of the bearish channel that appears on the chart, waiting to get negative motive that assists to push the price to break the support line formed at 1755.00 and confirm rallying towards our main expected target at 1735.00.
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