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Midday update for Brent oil 20-05-2020
Brent oil price started attempts to breach the bullish flag’s resistance that confines the recent trades, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting for more rise to head towards the positive targets that start at 36.00 and extend to 37.70, reminding you that it is important to hold above 34.00 to continue the expected rise.
The expected trading range for today is between 33.50 support and 37.00 resistance.
The expected trend for today: Bullish
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Midday update for Crude oil 20-05-2020
Crude oil price breached initial breach to the bullish pennant’s resistance that appears on the chart, which supports the expectations of continuing the main bullish trend, opening the way to head towards our next target at 36.50.
MoreMidday update for Silver 20-05-2020
Silver price keeps its stability above 17.11 level, which keeps our positive overview valid for today, organized inside the bullish channel that appears on the chart, supported by the EMA50, reminding you that we are waiting to rally towards 18.45 followed by 18.93 levels as main positive stations.
MoreMidday update for Gold 20-05-2020
Gold price crawls upwards calmly to move at 1750.00, to keep the bullish trend scenario valid and active for today, supported by the EMA50 that keeps carrying the price from below, waiting to visit 1805.00 as a next main station.
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