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Brent oil price declines strongly – Analysis - 12-09-2019
Brent oil price declined strongly yesterday after US president Trump decided to study easing sanctions on Iran, which pushed the price to reach the key support 59.93, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to rebound bullishly and resume the bullish trend again.
Therefore, we will keep our overall bullish overview conditioned by the price stability above 59.93, noting that our first main target is located at 62.92.
The expected trading range for today is between 59.50 support and 62.92 resistance.
The expected trend for today: Bullish
Crude oil price suffers sharp losses – Analysis - 12-09-2019
Crude oil price traded with strong negativity yesterday after the US president Trump hinted studying easing sanctions on Iran, which pushed the price to break 57.33 level and hold below it, to fall under expected negative pressure in the upcoming sessions, targeting testing 54.47 level as a next station.
MoreSilver price within sideways track – Analysis - 12-09-2019
Silver price shows sideways trading and settles at 18.00 barrier, waiting to surpass this level to open the way to rally towards our next negative target at 17.60.
MoreGold price gets a negative signal – Analysis - 12-09-2019
Gold price retests the previously broken support line that appears on the chart and keeps its stability below it, accompanied by witnessing negative signal through stochastic, waiting to motivate the price to resume the bearish bias in the upcoming sessions, noting that our next target is located at 1480.00, which breaking it represents the key to extend the bearish wave to reach 1450.00.
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