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Midday update for Brent oil 20-09-2023

Economies.com
2023-09-20 09:07AM UTC

Brent oil price resumes its negative trading now, to approach our first waited correctional target at 92.74, and we suggest the continuation of the negative pressure to break this level and open the way to head towards the next correctional station that extends to 90.70.

 

Therefore, we are waiting for more expected decline for the rest of the day unless the price managed to breach 94.10 and hold above it.

 

The expected trading range for today is between 91.80 support and 94.90 resistance.

 

The expected trend for today: Bearish

Midday update for Crude oil 20-09-2023

Economies.com
2023-09-20 09:07AM UTC

Crude oil price provides additional negative trades to approach our first waited target at 89.36, reminding you that breaking this level will push the price to achieve more bearish correction that targets 87.16 areas as a next main station.

 

Therefore, the bearish trend scenario will remain valid and active in the upcoming sessions unless breaching 90.95 and holding above it.

 

The expected trading range for today is between 88.50 support and 91.40 resistance.

 

The expected trend for today: Bearish

Midday update for Silver 20-09-2023

Economies.com
2023-09-20 09:07AM UTC

Silver price shows some bullish bias to hint the attempt to head to resume the expected bullish trend for today, motivated by stochastic positivity that appears clearly now, waiting to head towards 23.70 that represents our next main target, reminding you that the continuation of the bullish wave depends on the price stability above 23.00.

 

The expected trading range for today is between 22.90 support and 23.60 resistance.

 

The expected trend for today: Bullish

Midday update for Gold 20-09-2023

Economies.com
2023-09-20 09:07AM UTC

Gold price continues to fluctuate around the key support 1929.00, while stochastic begins to overlap positively, to support the chances of resuming the bullish trend in the upcoming sessions, which its next main target located at 1945.20.

 

In general, the bullish trend scenario will remain valid and active for today unless breaking 1929.00 and holding with a daily close below it.

 

The expected trading range for today is between 1920.00 support and 1950.00 resistance.

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $68.80 (2025-07-04 02:44AM UTC)