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Midday update for Brent oil 04-08-2022
Brent oil price resumes its negative trading calmly to press on 100.00 barrier, waiting for more decline to confirm opening the way to head towards our next target at 95.90, to keep the bearish trend scenario active for today conditioned by the price stability below 102.25.
The expected trading range for today is between 97.50 support and 102.25 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 04-08-2022
Crude oil price touched our waited target at 89.60 and presses negatively on it, to support the expectations of extending the bearish wave, supported by the negative pressure formed by the EMA50, reminding you that breaking this level will push the price to 87.40 as a next negative target, while the expected decline will remain valid unless the price rallied to breach 91.65 and hold above it.
MoreMidday update for Silver 04-08-2022
Silver price resumes its positive trading to approach 20.50 level, waiting for more rise to breach this level and head towards 21.00, to keep our bullish trend scenario active supported by the EMA50 unless breaking 19.60 and holding below it.
MoreMidday update for Gold 04-08-2022
Gold price managed to breach 1779.25 level and attempts to hold above it, which supports the continuation of the expected bullish trend scenario for the upcoming period efficiently, opening the way to head towards our next positive target at 1802.80, noting that holding above 1779.25 represents the first condition to continue the suggested rise.
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