Midday update for Brent oil 20-12-2018

Crude oil price managed to break the bearish flag’s support line and settles below it now, to activate the negative effect of this pattern, which supports the continuation of our bearish overview efficiently for the rest of the day, which its next target located at 45.46, noting that breaking this level is considered as the key to rally towards 40.00$ barrier on the near term basis, while holding below 48.34 represents key condition to achieve the suggested targets.

Silver price trades with clear positivity to start the attempts to breach 14.73 level, which urges caution from the upcoming trading, as confirming breaching this level with a daily close above it will stop the recently suggested negative scenario and lead the price for more bullish correction on the short term basis, targeting visiting 15.22 level mainly.

Gold price resumes its positive trading strongly to approach our main waited target at 1262.50, which supports the continuation of our bullish overview for the rest of the day, motivated by stochastic positivity, reminding yout hat breaching this level will push the price towards 1286.70 level as a next main station.