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Midday update for Brent oil 12-05-2021
Brent oil price tested 69.00 barrier and finds solid resistance there, and as long as the price is above 67.75, our bullish overview will remain valid for the upcoming period, organized inside the bullish channel that appears on the chart, waiting to head towards 71.35 that represents our next main target.
The expected trading range for today is between 67.40 support and 70.20 resistance.
The expected trend for today: Bullish
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Midday update for Crude oil 12-05-2021
Crude oil price attempts to breach 65.60 level now, which supports the continuation of our bullish overview, getting good support by the EMA50, waiting to visit 67.95 as a next main target, reminding you that it is important to hold above 64.35 and 63.65 levels to continue the suggested rise.
MoreMidday update for Silver 12-05-2021
Silver price shows sideways trading since morning, affected by stochastic negativity, waiting to get positive momentum that assists to push the price to resume the expected bullish trend for the upcoming period, which its next targets located at 28.25 followed by 29.00, while achieving them requires holding above 26.60.
MoreMidday update for Gold 12-05-2021
Gold price shows new decline to test 1825.00 level and keeps its stability above it until now, getting continuous positive support by the EMA50, to keep our bullish overview that depends on the price stability above the mentioned level, noting that the waited targets begin by surpassing 1838.00 to confirm rallying towards 1855.00 followed by 1865.00 levels.
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