Brent oil price surpasses the resistance – Analysis - 30-05-2022
Brent oil price breached 115.10 level strongly to rally upwards and approaches our first waited positive target at 117.00, expecting the continuation of the bullish trend domination to head towards our next station that reaches 121.30.
Therefore, the bullish trend scenario will remain valid and active on the intraday and short term basis, noting that holding above the support base formed above 115.10 is important to achieve the suggested targets.
The expected trading range for today is between 115.00 support and 119.00 resistance.
The expected trend for today: Bullish
Crude oil price succeeds to breach – Analysis - 30-05-2022
Crude oil price managed to breach 113.70 level and close the daily candlestick above it, starting today with clear positivity to move away from the mentioned level, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and the way is open to head towards our positive targets that start at 117.00 and extend to 119.35.
Holding above 113.70 is important to continue the expected rise, as breaking it will press on the price to turn to decline and achieve negative targets that start by testing 112.00 areas.
The expected trading range for today is between 113.70 support and 117.50 resistance.
The expected trend for today: Bullish
Silver price gathers the positive momentum - Analysis - 30-05-2022
Silver price shows positive trades now, to move away from 21.83 level, getting positive support by stochastic, while the EMA50 continues to carry the price from below.
Therefore, we are waiting for more bullish bias in the upcoming sessions, and the next target is located at 22.67, noting that holding above 21.83 and 21.60 levels is important to achieve the waited targets.
The expected trading range for today is between 21.80 support and 22.67 resistance.
The expected trend for today: Bullish
Gold price begins positively – Analysis - 30-05-2022
Gold price opens today’s trading with new rise after leaning on 1850.00 level, to resume the bullish wave that targets testing 1890.00 as a next main station, supported by stochastic and the EMA50 positivity.
Therefore, we are waiting for more bullish bias today, noting that breaking 1850.00 followed by 1838.10 levels will stop the expected rise and press on the price to return to decline again.
The expected trading range for today is between 1845.00 support and 1880.00 resistance.
The expected trend for today: Bullish