Midday update for Brent oil 15-02-2019
Brent oil price shows sideways trading since morning and settles above 64.00 barrier, and the bullish trend scenario still active for today depending on the price stability above 63.95 and 63.10 levels, reminding you that we are waiting to resume the bullish wave that its next main target located at 68.00.
The expected trading range for today is between 63.10 support and 67.00 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 15-02-2019
Crude oil price shows some bearish bias on its way to retest 54.50 level, and the price needs to hold above this level to keep the positive effect of the inverted head and shoulders’ pattern active, supported by the EMA50, waiting to resume the bullish trend that its next main targets located at 57.46 followed by 65.00, while achieving them requires holding above 54.50 and 53.70.
The expected trading range for today is between 54.00 support and 57.46 resistance.
The expected trend for today: Bullish
Midday update for Silver 15-02-2019
Silver price tests the key resistance 15.62 now, accompanied by stochastic approach to the overbought areas, waiting to assist to push the price to resume the expected bearish trend for today, which depends on the price stability below 15.62 and 15.75 levels, while our next target is located at 15.22.
The expected trading range for today is between 15.40 support and 15.75 resistance.
The expected trend for today: Bearish
Midday update for Gold 15-02-2019
Gold price continues to fluctuate near 1316.65 level and still below it, while stochastic moves inside the overbought areas, waiting to motivate the price to resume the bearish trend, and the price needs to surpass the EMA50 to confirm heading towards our main waited target at 1286.70.
The expected trading range for today is between 1286.00 support and 1325.00 resistance.
The expected trend for today: Bearish