|
Brent oil price breaks the support – Analysis - 04-08-2022
Brent oil price broke 102.25 level strongly and reached 100.00$ barrier, reinforcing the expectations of continuing the bearish trend efficiently for the upcoming sessions, reminding you that our next target is located at 99.25, and we expect to surpass this level to head towards 95.90 as a next main station.
Therefore, the bearish trend scenario will remain dominant on the intraday basis unless the price rallied to breach 102.25 – 102.90 levels and hold above them.
The expected trading range for today is between 97.50 support and 102.25 resistance.
The expected trend for today: Bearish
Crude oil price suffers sharp losses – Analysis - 04-08-2022
Crude oil price traded with strong negativity to approach our main waited target at 89.60, and we suggest the continuation of the negative pressure after the return to the bearish channel that appears on the chart to head towards achieving more negative targets on the intraday and short term basis, noting that the next target reaches 87.40.
MoreSilver price attempts to breach - Analysis - 04-08-2022
Silver price continues to fluctuate around 20.00 level, getting continuous positive support by the EMA50, thus, our bullish overview will remain valid as it is without any change, which depends on the price stability above 19.60, reminding you that our waited targets begin at 20.50 and extend to 21.00.
MoreGold price keeps its positive stability – Analysis - 04-08-2022
Gold price tested 1755.70 level again and kept its stability above it, to rebound bullishly and resume the correctional bullish wave, waiting to breach 1779.25 to confirm opening the way to head towards 1802.80.
More