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Midday update for Brent oil 02-05-2023
Brent oil prices tested 78.90 level now, waiting to break this level to open the way to continue the bearish correction and head towards our next negative target at 76.85.
The bearish channel continues to organize the suggested bearish wave, which will remain valid and active unless the price rallied to breach 80.40 followed by 80.95 levels and holding above them.
The expected trading range for today is between 77.70 support and 80.95 resistance.
The expected trend for today: Bearish
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Midday update for Crude oil 02-05-2023
Crude oil prices rebound bearishly after testing 76.10 level this morning, to keep the bearish trend scenario active for today, motivated by the negative signal provided by stochastic, waiting to visit 73.85 level as a next main target.
MoreMidday update for Silver 02-05-2023
Silver price shows additional negative trades to start pressing on 24.60 level, waiting to break this level to confirm rallying towards the next correctional target at 23.70.
MoreMidday update for Gold 02-05-2023
Gold prices continues to fluctuate around the symmetrical triangle’s support line, noticing that the price attempts to consolidate below it, reinforcing the expectations of continuing the correctional bearish trend, waiting to visit 1957.30 as a next negative station.
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