Midday update for Brent oil 22-09-2023
Brent oil price resumes its positive trading to approach our first waited target at 94.80, waiting for more rise to visit the recently recorded high at 96.05 as a next main target.
The EMA50 continues to support the expected rise, which will remain valid unless breaking 92.74 and holding with a daily close below it.
The expected trading range for today is between 92.74 support and 95.70 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 22-09-2023
Crude oil price shows new positive trades to move above 91.00 barrier now, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our targets begin at 91.45 and extend to 92.92 after surpassing the previous level.
Therefore, the bullish trend scenario will remain valid and active, supported by the EMA50, reminding you that the continuation of the bullish wave depends on the price stability above 89.35.
The expected trading range for today is between 89.50 support and 92.50 resistance.
The expected trend for today: Bullish
Midday update for Silver 22-09-2023
Silver price managed to achieve our waited target at 23.70 and attempts to breach it, to support the chances of achieving additional rises that we expect to target 24.60 areas on the near-term basis.
Therefore, the bullish trend will remain suggested for today, noting that failing to breach 23.70 will press on the price to rebound bearishly and head to test 23.00 before any new attempt to rise.
The expected trading range for today is between 23.20 support and 24.00 resistance.
The expected trend for today: Bullish
Midday update for Gold 22-09-2023
Gold price touched 1929.00 level and finds solid resistance there, waiting to breach this level to confirm extending the bullish wave and achieve additional gains that reach 1945.20.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions, supported by stochastic that continues to provide the positive signals, reminding you that the continuation of the bullish wave depends on the price stability above 1913.15.
The expected trading range for today is between 1910.00 support and 1940.00 resistance.
The expected trend for today: Bullish