Midday update for Brent oil 23-02-2023

Crude oil price fluctuates with slight positivity now, affected by stochastic positivity, while the bearish trend scenario still active as long as 75.65 level remains intact, supported by the negative pressure formed by the EMA50, waiting to resume the bearish bias that its main target located at 70.30, noting that breaking 73.75 will ease the mission of achieving the waited targets.

Silver price continues to fluctuate inside the sideways range that its lines represented by 21.40 support and 22.13 resistance, to continue suggesting the sideways move until we get confirmed breach to one of these levels to detect the next destination clearly, reminding you that breaking this support will lead the price to 20.64 as a next negative station, while breaching the resistance will push the price to achieve intraday gains that start by testing 23.05 areas.

Gold price continues to fluctuate around 1828.70 level and presses negatively on it, and our neutrality still valid until the price manages to break the mentioned support or breach 1844.30 resistance to detect the next destination clearly, and contradiction between the technical indicators provides another reason for neutrality.