Brent oil price gets new positive signals – Analysis - 26-05-2022
Brent oil price didn’t show any strong move since yesterday, hovering around 112.00 level, thus, no change to the bullish trend scenario that targets 115.10 as a next main station, supported by the positive overlapping signal that stochastic begins to provide now.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 110.05 and holding below it.
The expected trading range for today is between 110.05 support and 115.50 resistance.
The expected trend for today: Bullish
Crude oil price within tight track – Analysis - 26-05-2022
The tight range dominates crude oil price trades since yesterday, thus, no change to our bullish overview, which gets positive support by stochastic and the EMA50, waiting to head towards 113.70 mainly.
On the other hand, we should note that breaking 109.14 and holding below it will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 108.50 support and 113.70 resistance.
The expected trend for today: Bullish
Silver price awaits more rise - Analysis - 26-05-2022
Silver price fluctuates around the support base 21.83, and the EMA50 forms continuous support to the price, accompanied by witnessing positive signals through stochastic, to support the chances of resuming the expected bullish trend in the upcoming period, affected by the inverted head and shoulders’ pattern, which has positive targets that start at 22.67 and extend to 23.15.
On the other hand, we should note that breaking 21.65 will stop the positive scenario and press on the price to return to the main bearish track again.
The expected trading range for today is between 21.60 support and 22.30 resistance.
The expected trend for today: Bullish
Gold price tests the support – Analysis - 26-05-2022
Gold price faced negative pressure in the previous sessions to test the key support 1850.00, noticing that the price consolidates above this support, as the EMA50 protects the recently suggested positive scenario, while stochastic begins to provides positive overlapping signals now.
Therefore, these factors encourage us to suggest the bullish bias in the upcoming sessions, waiting to visit 1890.00 level as a next main station, noting that breaking 1850.00 followed by 1838.10 levels will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1835.00 support and 1880.00 resistance.
The expected trend for today: Bullish