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Midday update for Brent oil 12-04-2021

Economies.com
2021-04-12 08:57AM UTC

Brent oil price keeps fluctuating around 62.95 level, and as long as the price is below 63.40, our bearish overview will remain valid and active for today, supported by the EMA50, reminding you that our main waited target reaches 60.30.

 

The expected trading range for today is between 61.50 support and 64.00 resistance.

 

The expected trend for today: Bearish

Midday update for Crude oil 12-04-2021

Economies.com
2021-04-12 08:57AM UTC

Crude oil price trades negatively to move away from 59.85 level, which support the continuation of our bearish overview, reinforced by the negative pressure formed by the EMA50, waiting for more decline to visit 57.25 as a first target, remidning you that it is important to hold below 59.85 – 60.10 levels to continue the expected bearish trend.

 

The expected trading range for today is between 58.00 support and 60.50 resistance.

The expected trend for today: Bearish

Midday update for Silver 12-04-2021

Economies.com
2021-04-12 08:57AM UTC

Silver price keeps its stability below the broken support of the rising wedge, to keep the bearish trend scenario valid and active for today, depending on the price stability below 25.50, reminding you that our waited targets begin by breaking 24.75 to rally towards 22.90 as a next main station.

 

The expected trading range for today is between 24.50 support and 25.50 resistance.

 

The expected trend for today: Bearish

 

Midday update for Gold 12-04-2021

Economies.com
2021-04-12 08:57AM UTC

Gold price continues to fluctuate at the EMA50 and keeps its stability below it, to keep the bullish trend scenario valid and active for today, waiting to resume the positive trades that target 1765.00 as a next station, noting that breaking 1731.00 will stop the expected rise and press on the price to turn to decline.

 

The expected trading range for today is between 1727.00 support and 1760.00 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $68.30 (2025-07-06 21:44PM UTC)