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Midday update for Brent oil 19-10-2017
Brent oil price provided negative trading but it finds good support formed by the EMA50 near the main bullish channel's support that appears on chart, noticing that stochastic gets rid of its negativity clearly to reach the oversold areas.
Therefore, the chances are valid to rebound bullishly and resume the bullish trend again, which targets 59.48 followed by 61.20 levels mainly, while its continuation conditions holding above 55.91.
Expected trading range for today is between 57.25 support and 60.05 resistance.
Expected trend for today: Bullish
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Midday update for Crude oil 19-10-2017
Crude oil price traded with clear negativity to test the key support 51.12 and keeps its stability above it until now, accompanied by stochastic reach to the oversold areas' thresholds, while the EMA50 keeps supporting the price from below.
MoreMidday update for Silver 19-10-2017
Silver price resumes its positive attempts calmly to move around 17.00 level, motivated by stochastic positivity that appears on the daily time frame, waiting for more rise for the rest of the day, which targets 17.43 level initially, reminding you that breaching this level will push the price towards 18.30 direct, while the bullish trend will remain valid unless breaking 16.56 level and holding below it.
MoreMidday update for Gold 19-10-2017
Gold price shows sideways trading to move above 1281.17 level now, which hints the attempt to regain the main bullish track, but will keep the morning suggested negative scenario unless we witnessed daily close above 1281.17.
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