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Midday update for Brent oil 13-09-2019
Brent oil price resumes its negative trading after testing 59.93 level in the last sessions, keeping the bearish trend scenario valid and active for today, supported by moving below the EMA50, pointing that our waited targets begin at 57.85 and extend to 56.23, while achieving them requires holding below 56.23 level.
The expected trading range for today is between 57.00 support and 60.70 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 13-09-2019
Crude oil price returns to press on 54.60 level, reinforcing the expectations for the bearish trend continuation in the upcoming period, and the price needs to confirm breaking this level, followed by breaking 53.90 to confirm the rally towards 51.80 that represents our next main target.
MoreMidday update for Silver 13-09-2019
Silver price shows positive trading in attempt to move away from the main bullish channel’s support, and gets positive motive from stochastic, to support the expectations for the bullish trend continuation in the upcoming sessions, and its main initial target at 18.60, while holding above 17.90 represents an important condition for achieving it.
MoreMidday update for Gold 13-09-2019
Gold price begins providing positive trading now, supported by the positive signals that come from stochastic, waiting for more of the upside moves in the upcoming sessions, and its tragets begin by confirming braeching 1508.00 to reinforce the expectations of the rally towards 1555.00 that represents our next main target, reminding you that holding above 1485.00 is important for the continuation of the expected rise.
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