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Midday update for Brent oil 05-10-2021
Brent oil price shows slight bullish bias to move around 81.50 level, waiting for more rise to achieve our positive targets at 82.00 and 82.70, noting that the EMA50 keeps supporting the expected bullish wave, which will remain valid conditioned by the price stability above 79.90.
The expected trading range for today is between 80.00 support and 82.70 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 05-10-2021
Crude oil price hovers around the bullish flag’s resistance, waiting to get positive momentum that assist to push the price to continue the bullish trend, and we believe that the way is open to achieve our positive targets that start at 79.00 followed by 80.00, while holding above 76.64 is important to continue the expected rise.
MoreMidday update for Silver 05-10-2021
Silver price finds solid support at 22.40, to show some slight bullish bias, waiting to get negative motive that assist to break the mentioned level and confirm heading towards 21.65 as a next negative station, reminding you that it is important to hold below 22.90 to continue the expected decline.
MoreMidday update for Gold 05-10-2021
Gold price attempts to break 1755.00 level, motivated by stochastic negativity, waiting for more decline to visit 1735.00 that represents our next main target, to keep the negative scenario valid and active for the rest of the day conditioned by the price stability below 1770.00.
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