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Brent oil price surpasses the resistance – Analysis - 30-05-2023
Brent oil price starts today with clear positivity to breach 76.80 level and attempts to hold above it, to hint heading to achieve expected rise in the upcoming sessions, targeting 78.90 level mainly.
Therefore, the bullish bias will be expected for today, supported by the technical indicators that provide clear positive signals, noting that failing to consolidate above 76.80 will stop the suggested rise and push the price to test 75.80 level initially.
The expected trading range for today is between 75.80 support and 78.90 resistance.
The expected trend for today: Bullish
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Crude oil price within sideways track – Analysis - 30-05-2023
Crude oil price fluctuates within sideways range between 71.55 support and 73.80 resistance, finding difficulty to exit this range, to suggest the continuation of the sideways move until the price manages to surpass one of these levels to detect its next destination clearly.
MoreSilver price attempts to recover - Analysis - 30-05-2023
Silver price traded with clear positivity in the previous sessions to settle above 23.00 level, noticing that the price moves within bearish channel that appears on the chart, falling under negative pressure formed by the EMA50, which meets the bearish channel’s resistance to add more strength to it.
MoreGold price gets a negative close – Analysis - 30-05-2023
Gold prices closed the last daily candlestick below 1945.20 level, to support the continuation of the expected bearish trend for the upcoming period, reminding you that our next target is located at 1913.15.
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