Brent oil price attempts positively – Analysis - 13-04-2021
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
Crude oil price attempts to breach – Analysis - 13-04-2021
Crude oil price attempted to breach 59.85 level but it ended yesterday below it, which keeps the bearish trend scenario valid and active on the intraday and short term basis, waiting to head towards 57.25 that represents the first main target.
Stochastic provides negative signals that support the expected decline, which will remain valid unless breaching 59.85 and holding with a daily close above it.
The expected trading range for today is between 58.00 support and 60.50 resistance.
The expected trend for today: Bearish
Silver price presses on the first target - Analysis - 13-04-2021
Silver price attempted to break 24.75 level but it couldn’t manage to hold below it, to shows some slight temporary rise affected by stochastic positivity, waiting to resume the negative trades to break the mentioned level and confirm opening the way to extend the bearish wave towards 22.90.
Until now, the bearish trend scenario still valid and active for the upcoming period unless the price rallied to breach 25.50 and hold above it.
The expected trading range for today is between 24.40 support and 25.30 resistance.
The expected trend for today: Bearish
Gold price faces negative pressure – Analysis - 13-04-2021
Gold price provided clear negative trades yesterday to attack 1731.00 level, but it rose again to attempt to step above the EMA50, which keeps the chances valid to continue the recently suggested positive scenario, which its next target located at 1765.00.
Therefore, we will keep our bullish overview supported by stochastic positivity unless breaking 1731.00 level and holding below it.
The expected trading range for today is between 1720.00 support and 1760.00 resistance.
The expected trend for today: Bullish