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Midday update for Brent oil 08-09-2023
Brent oil price shows strong positive trades to test the key resistance 90.85, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trends scenario active for today, which its first target located at 89.25.
On the other hand, we should note that breaching 90.85 will lead the price to achieve more gains and return to the main bullish track again.
The expected trading range for today is between 87.80 support and 91.00 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 08-09-2023
Crude oil price trades with clear positivity to start testing the key resistance 87.45, which urges caution from the upcoming trading, as surpassing this level represents the key to continue the rise and stop the morning suggested correctional bearish scenario, to head towards testing 88.18 followed by 89.95 levels as main positive stations.
MoreMidday update for Silver 08-09-2023
Silver price keeps its stability above 23.00 level, to keep the bullish trend scenario active for today, which targets 23.70 mainly.
MoreMidday update for Gold 08-09-2023
Gold price fluctuates within sideways and tight track since morning, settling around 1925.00 level, waiting to get positive motive that assist to push the price to breach 1929.00 and confirm the continuation of the bullish bias towards 1945.20.
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