Brent oil price provided temporary positive trades yesterday and returned to settle around the EMA50, keeping its stability below 63.40 level, waiting to trade below 62.95 again to reinforce the expectations of continuing the bearish trend, which targets 60.30 level as a next main station.

Therefore, the negative scenario will remain valid for the upcoming period, noting that breaching 63.40 followed by 64.20 levels will stop the expected decline and lead the price to turn to rise.

The expected trading range for today is between 61.50 support and 64.20 resistance.

The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.2057	0.0004	0.0324%
Midday update for the EURUSD 06-05-2021
	GBP/USD	1.3888	-0.0006	0.0428%

	Tadawul	10228.35	-26.53	0.26%

	Silver	27.337	0.819	3.087%

	Oil	64.703	0.793	1.241%
Midday update for Crude oil 06-05-2021
	Brent Oil	68.12	-0.85	1.23%

	Gold	1814.700	25.115	1.403%
Midday update for Gold 06-05-2021

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