Midday update for Brent oil 08-08-2022
Brent oil price trades with clear negativity to start attacking 97.15 level, as it settles below it now, which supports the continuation of the expected bearish trend scenario efficiently for today, which targets 95.90 followed by 90.45 levels as next main stations, while holding below 100.95 represents initial condition to achieve the suggested targets.
The expected trading range for today is between 95.00 support and 99.50 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 08-08-2022
Crude oil price resumes its negative trading to start pressing on 87.40 level, rienforcing the expectations of continuing the bearish trend for the rest of the day, reminding you that our next target is located at 85.90, noting that the EMA50 keeps supporting the suggested bearish wave, which will remain valid unless breaching 90.55 and holding above it.
The expected trading range for today is between 85.90 support and 90.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 08-08-2022
Silver price trades with clear positivity to surpass 20.00 barrier, waiting for more rise to breach 20.50 and rally towards our next target at 21.00, to keep the bullish trend scenario active for today, supported by the EMA50, reminding you that hold above 19.60 is important to continue the expected rise.
The expected trading range for today is between 19.60 support and 20.50 resistance.
The expected trend for today: Bullish
Midday update for Gold 08-08-2022
Gold price resumes its positive trading and attempts to surpass the minor resistance 1779.25, reinforcing the expectations of continuing the bullish trend, which targets 1802.80 as a first positive station, noting that the EMA50 and stochastic continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1755.70.
The expected trading range for today is between 1760.00 support and 1795.00 resistance.
The expected trend for today: Bullish