Brent oil price touches the target – Analysis - 27-05-2022
Brent oil price soared yesterday to touch our waited target at 115.10, and finds solid resistance there, waiting to get enough positive momentum to push the price to surpass this level and open the way to continue the rise and achieve new gains that reach 117.00 followed by 121.30.
Breaching 115.10 is required to confirm the continuation of the bullish wave, as the consolidation against the current rise will press on the price to turn to decline and head towards 112.75 followed by 110.05 levels mainly.
The expected trading range for today is between 113.00 support and 117.50 resistance.
The expected trend for today: Bullish
Crude oil price hits the target – Analysis - 27-05-2022
Crude oil price rallied upwards strongly to succeed achieving our waited target at 113.70 and settles around it, noticing that the recent trades are confined within bullish flag pattern that appears on the minor image, thus, breaching the mentioned level will provide good positive motive that will push the price to achieve additional gains that reach 117.00 followed by 119.35.
Therefore, we expect to witness more rise in the upcoming sessions, taking into consideration that failing to breach 113.70 will press on the price to rebound bearishly and head to visit 109.14 areas again before any new attempt to rise.
The expected trading range for today is between 111.50 support and 117.00 resistance.
The expected trend for today: Bullish
Silver price resumes the rise - Analysis - 27-05-2022
Silver price shows calm positive trades to move away from 21.83 level, reinforcing the expectations of continuing the bullish trend, and we believe that the way is open to head towards our main target at 22.67.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 21.83 and the most important above 21.60.
The expected trading range for today is between 21.80 support and 22.60 resistance.
The expected trend for today: Bullish
Gold price keeps its positive stability – Analysis - 27-05-2022
Gold price ended yesterday above 1850.00 level, to keep the bullish trend scenario active for the upcoming period, supported by the EMA50 that carries the price from below, waiting to resume the bullish wave that targets 1890.00 as a next main station.
The price might witness some sideways fluctuation until managing to gather enough positive momentum to push trades to rise again, reminding you that the continuation of the expected rise depends on the price stability above 1850.00 and 1838.10 levels.
The expected trading range for today is between 1840.00 support and 1880.00 resistance.
The expected trend for today: Bullish