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Brent oil price rises again – Forecast today - 08-11-2024
Brent oil price returned to rise after the negative pressure that it witnessed in the previous sessions, as it settled above 75.36$ level again, to revive the positive scenario that targets 76.84$ as a next station, reminding you that breaching it will lead the price to visit 78.66$ areas on the near-term basis.
On the other hand, we should note that breaking 75.36$ will push the price to decline again and head towards 73.90$ areas as a next negative target.
The expected trading range for today is between 74.30$ support and 77.30$ resistance.
Trend forecast: Bullish
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Crude oil price recovers – Forecast today - 08-11-2024
Crude oil price bounced upwards clearly in the previous sessions to end yesterday above 72.15$, which keeps the positive scenario valid and active for the upcoming period, noting that the price begins today negatively to press on this level, but we will depend on the last daily close above it to suggest the bullish bias on the intraday basis, waiting to test 73.71$ as a next main target.
MoreSilver price attempts to recover - Forecast today - 08-11-2024
Silver price traded with clear positivity yesterday, as it breached 31.63$ level and settled above it, but we notice that stochastic lost its positive momentum clearly and starts to provide negative signals now, while the EMA50 forms continuous negative pressure against the price.
MoreGold price loses momentum – Forecast today - 08-11-2024
Gold price continued to rise to approach the broken support of the bullish channel that appears on the chart, noticing that the price lost its positive momentum to start getting negative signals through stochastic, which puts the price under expected negative pressure in the upcoming sessions, to head towards visiting 2675.00$ followed by 2647.70$ levels as next negative stations.
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