|
Midday update for Brent oil 22-02-2023
Brent oil price shows new negative trades to reach the first waited target at 81.30, and we suggest surpassing this level to achieve additional decline that targets 79.55 direct.
Therefore, our bearish overview will remain valid and active for today, supported by the negative pressure formed by the EMA50, reminding you that it is important to hold below 83.85 to continue the expected negative scenario.
The expected trading range for today is between 81.30 support and 84.50 resistance.
The expected trend for today: Bearish
Thanks for your feedback.
Midday update for Crude oil 22-02-2023
Crude oil price broke 75.65 level clearly and settles below it now, which supports the continuation of the expected bearish trend efficiently for today, opening the way to visit 74.35 as a next target, which breaking represents the key to extend the bearish wave to reach 70.30 areas.
MoreMidday update for Silver 22-02-2023
Silver price provides slight negative trades, affected by the strength of the EMA50 that forms good resistance against the price, waiting to resume the bullish bias to surpass this barrier and test 22.13 level mainly.
MoreMidday update for Gold 22-02-2023
Gold price fluctuates within tight range since morning, moving near 1828.70 level, while stochastic continues to provide the positive signals on the intraday time frames, waiting to motivate the price to resume the bullish bias that its targets begin by breaching 1847.00 to reinforce the chances of rallying towards 1878.80.
More