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Midday update for Brent oil 18-08-2023
Brent oil price shows more bearish bias to move away from 84.33, reinforcing the expectations of continuing the correctional bearish trend, reminding you that our waited targets begin at 83.15 and extend to 81.90.
The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 84.33 and hold above it.
The expected trading range for today is between 82.50 support and 85.60 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 18-08-2023
Crude oil price rebounds bearishly after testing 80.65 in the previous sessions, motivated by the negative signal provided by stochastic now, waiting for more decline to achieve the expected correctional target at 78.05.
MoreMidday update for Silver 18-08-2023
Silver price resumes its negative trading after the rise that it witnessed in the previous sessions, to support the continuation of the expected bearish trend for today, which targets 22.25 as a first main station.
MoreMidday update for Gold 18-08-2023
Gold price shows some bearish bias now that hints heading to resume the expected bearish trend for today, reminding you that our waited target is located at 1873.50.
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