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Midday update for Brent oil 17-08-2021
Brent oil price shows new negative trades in attempt to head towards our first waited target at 67.70, falling under continuous negative pressure coming by the EMA50, to keep the bearish trend valid and active for today, which depends on the price stability below 69.65, while its targets extend to 66.00 after surpassing the first target.
The expected trading range for today is between 67.70 support and 70.60 resistance.
The expected trend for today: Bearish
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Midday update for Crude oil 17-08-2021
Crude oil price resumes its negative trading to move away from 67.45 level, reinforcing the expectations of continuing the bearish trend, and the way is open to achieve our next waited target at 65.20, noting that breaking it will extend the bearish wave to reach 61.55, while achieving it requires holding below 67.45 and the most important below 68.40.
MoreMidday update for Silver 17-08-2021
Silver price keeps its stability above 23.75, to keep the bullish trend active for today, waiting to breach 23.90 to reinforce the chances of rallying towards our waited positive target at 24.75, which achieving it conditions holding above 23.75.
MoreMidday update for Gold 17-08-2021
Gold price continues to rise to reach the first waited target at 1797.00, and we expect to surpass this level to open the way to rally towards 1825.15 as a next positive target, to keep the bullish trend valid for the rest of the day unless we witnessed clear break to 1770.00 and hold with a daily close below it.
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