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Midday update for Brent oil 20-10-2022
Brent oil price trades with clear positivity to attack 93.73 level, which urges caution from the upcoming trading, as breaching this level represents the key to start new bullish wave and additional bullish correction on the intraday basis, while consolidating below it is required to resume the expected bearish trend for today, which its main targets reach 90.00 followed by 86.30.
The expected trading range for today is between 90.20 support and 95.00 resistance.
The expected trend for today: Overall bearish
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Midday update for Crude oil 20-10-2022
Crude oil price provides additional positive trades to head towards potential test to the key resistance 86.60, while stochastic shows more negative signals that keep the chances valid to resume the expected bearish trend for today, which depends on the price stability below the mentioned resistance, and the price needs to break 84.60 to ease the mission of heading towards our negative targets at 82.30 and extend to 80.00.
MoreMidday update for Silver 20-10-2022
Silver price shows some bullish bias since morning, but as long as the price is below 18.80, our bearish overview will remain valid and active for today, supported by the negative pressure formed by the EMA50, waiting to resume the bearish bias to achieve our negative targets that start at 18.00 and extend to 17.60.
MoreMidday update for Gold 20-10-2022
Gold price provided positive trades this morning and stops around 1630.00, affected by stochastic positivity, waiting to get negative motive that assists to push the price to resume the main bearish trend, which targets 1615.00 followed by 1600.00 levels as next main stations, reminding you that the continuation of the bearish wave requires holding below 1646.60.
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