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Midday update for Brent oil 13-02-2024

Economies.com
2024-02-13 09:49AM UTC

Brent oil price shows new positive trades now, reinforcing the expectations of continuing the bullish trend for the rest of the day, and the way is open to achieve our main waited target at 83.87, noting that the EMA50 continues to carry the price from below to support the expectations of continuing the rise, which will remain valid unless breaking 81.00 and holding with a daily close below it.

 

The expected trading range for today is between 81.00 support and 83.80 resistance.

 

The expected trend for today: Bullish

Midday update for Crude oil 13-02-2024

Economies.com
2024-02-13 09:49AM UTC

Crude oil price shows clear positive trades now to approach our waited target at 77.86, and we expect the continuation of the bullish wave to breach this level and rally towards achieving additional gains in the upcoming period, to head towards 80.00 that represents our next main target.

 

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 75.90 and holding below it.

 

The expected trading range for today is between 75.80 support and 78.80 resistance

 

The expected trend for today: Bullish

Midday update for Silver 13-02-2024

Economies.com
2024-02-13 09:49AM UTC

Silver price resumes its positive trading to reach the thresholds of 23.00 level, and stochastic begins to overlap positively to support the chances of breaching this level and open the way to extend the bullish wave towards our next target at 23.70, to keep the positive scenario valid and active for today conditioned by the price stability above 22.25.

 

The expected trading range for today is between 22.30 support and 23.10 resistance.

 

The expected trend for today: Bullish

Midday update for Gold 13-02-2024

Economies.com
2024-02-13 09:48AM UTC

Gold price shows calm positive trades to approach 2029.70 level, waiting to breach this level to confirm opening the way to head towards our main waited target at 2065.70, to continue suggesting the bullish trend in the upcoming sessions, reminding you that it is important to hold above 2016.90 to guarantee the continuation of the rise and not turning to decline.

 

The expected trading range for today is between 2005.00 support and 2030.00 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $70.67 (2025-07-11 21:54PM UTC)