Midday update for Brent oil 11-09-2019
Brent oil price approaches from 62.92 level now, waiting for breaching this level to confirm the extension of the bullish wave on the short term basis, and its next targets are located at 64.00 then 65.92, while achieving them requires holding above 59.93 level.
The expected trading range for today is between 61.40 support and 64.00 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 11-09-2019
Crude oil price shows sideways and tight range trading since morning and keeps its stability above 57.33 level, keeping the bullish trend scenario active for today, supported by the positive overlapping signal that comes stochastic, waiting for resuming the bullish bias that targets 60.86 level as a next main station.
The expected trading range for today is between 57.00 support and 60.00 resistance.
The expected trend for today: Bullish
Midday update for Silver 11-09-2019
Silver price shows some of the bearish bias moves now after approaching from 18.30 level, keeping our bearish trend expectations that depend on the stability below the mentioned level, supported by stochastic and the EMA50 negativity, reminding you that our main waited target is located at 17.60.
The expected trading range for today is between 17.80 support and 18.30 resistance.
The expected trend for today: Bearish
Midday update for Gold 11-09-2019
Gold price didn’t show any strong move since morning, to keep fluctuating near 1490.00, therefore, there is no change on the bearish trend scenario that depends on the stability below 1498.00 level, while our next target is located at 1480.00.
The expected trading range for today is between 1477.00 support and 1500.00 resistance.
The expected trend for today: Bearish