|
Midday update for Brent oil 02-08-2022
Brent oil price resumes its negative trades to press on 102.25 level, waiting to break this level to confirm rallying towards our next negative target at 99.25, supported by the negative pressure formed by the EMA50, to keep our bearish overview unless breaching 104.30 and holding above it.
The expected trading range for today is between 100.00 support and 105.00 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 02-08-2022
Crude oil price tests the bearish channel’s resistance and keeps its stability below it, to start declining now and attempts to move away from this resistance, to keep the bearish trend scenario active for today, which its next target located at 89.60, while holding below 93.50 represents key condition to achieve it.
MoreMidday update for Silver 02-08-2022
Silver price shows sideways trades since morning, and stochastic continues to gather the positive momentum, waiting to resume the bullish wave that its next target located at 21.00, noting that the EMA50 continues to support the expected rise, while the positive scenario will remain valid unless breaking 19.60 and holding below it.
MoreMidday update for Gold 02-08-2022
Gold price fluctuates within tight track since morning, affected by stochastic negativity to show some slight bearish bias, but as long as the price is above 1755.70, our bullish overview will remain valid for today, supported by the EMA50, waiting to breach 1779.25 to confirm rallying towards 1802.80 as a next station.
More