Midday update for Brent oil 21-09-2021
Brent oil price managed to breach 74.70 and hold above it, which supports the continuation of our bullish overview efficiently for the rest of the day, waiting to head towards 77.80 as a next main station, reminding you that the continuation of the bullish wave depends on the price stability above 74.00.
The expected trading range for today is between 73.50 support and 76.20 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 21-09-2021
Crude oil price trades with clear positivity to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and we believe that the way is open to head towards our main waited target at 73.30, noting that holding above 70.70 is important to achieve the suggested targets.
The expected trading range for today is between 69.70 support and 72.70 resistance.
The expected trend for today: Bullish
Midday update for Silver 21-09-2021
Silver price fluctuates within slight positivity, and the EMA50 continues to press negatively on the price, to keep the bearish trend active for today, which depends on the price stability below 22.90, reminding you that our waited targets begin at 21.65 and extend to 20.75.
The expected trading range for today is between 21.65 support and 22.60 resistance.
The expected trend for today: Bearish
Midday update for Gold 21-09-2021
Gold price shows bearish bias now in attempt to move away from 1770.00, motivated by stochastic current negativity, waiting for more decline to visit 1735.00 that represents the next main target, remidning you that the continuation of the bearish wave conditions holding below 1770.00.
The expected trading range for today is between 1735.00 support and 1780.00 resistance.
The expected trend for today: Bearish