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Brent oil price attempts to recover – Analysis - 11-09-2023
Brent oil price provided additional positive trades to approach 91.50 level, but it returned to decline to attempt to resume the expected bearish correction on the intraday basis, motivated by the negative overlapping signal provided by stochastic now, reminding you that the first target is located at 89.25.
On the other hand, we should note that breaching 91.50 will push the price to continue the main bullish wave and head to achieve gains that start by visiting 93.60 areas.
The expected trading range for today is between 89.00 support and 91.00 resistance.
The expected trend for today: Bearish
Crude oil price records the third high – Analysis - 11-09-2023
Crude oil price continued to rise to reach the thresholds of the recently recorded high at 88.18, and bounced bearishly to head towards resuming the expected correctional bearish trend on the intraday basis after recording the third lower high as appears on the chart, waiting to visit 85.75 initially, noting that breaking this level will push the price to 84.25 direct.
MoreSilver price negotiates the support - Analysis - 11-09-2023
Silver price hovers around 23.00 level and attempts to consolidate above it, while stochastic gathers the positive momentum gradually, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its next main target located at 23.70.
MoreGold price faces solid resistance – Analysis - 11-09-2023
Gold price bounced downwards clearly after finding solid resistance at 1929.00, noticing that the price begins to rise by today’s open, to head towards resuming the positive attempts, waiting to breach the mentioned resistance to confirm opening the way to head towards 1945.20 as a next main target.
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