Midday update for Brent oil 23-06-2022
Brent oil price shows sideways trades since morning, settling around 108.00 now, and as long as the price is below 110.10, our bearish overview will remain valid for today, noting htat our targets begin at 105.05 and extend to 101.65 followed by 98.85 after breaking the first level.
The expected trading range for today is between 103.50 support and 110.00 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 23-06-2022
Crude oil price tests the key resistance 104.60 and keeps its stability below it until now, to keep the bearish trend active for today, supported by the negative pressure formed by the EMA50, waiting to get negative momentum that assist to push the price to achieve our next main target that reaches 98.95.
The expected trading range for today is between 100.00 support and 105.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 23-06-2022
Silver price resumes its negative trades to support our expectations to decline for the rest of the day, which targets 20.95 followed by 20.50 levels as next main stations, reminding you that the continuation of the bearish wave depends on the price stability below 21.85 and 22.00 levels.
The expected trading range for today is between 20.80 support and 21.60 resistance.
The expected trend for today: Bearish
Midday update for Gold 23-06-2022
Gold price shows calm negative trades, reinforcing the expectations of continuing the bearish trend on the intraday basis, supported by the negative pressure formed by the EMA50, reminding you that our main targets begin at 1810.00 and extend to 1780.25, while achieving them requires holding below 1850.00.
The expected trading range for today is between 1800.00 support and 1850.00 resistance.
The expected trend for today: Bearish