Midday update for Brent oil 24-11-2022
Brent oil price didn’t show any strong move since morning, to fluctuate within tight range, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 86.70, reminding you that our targets begin by surpassing 83.57 to open the way to head towards 80.00.
The expected trading range for today is between 83.00 support and 87.00 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 24-11-2022
Crude oil price shows sideways and tight trades since morning as appears on the chart, and the price needs to break 77.25 to ease the mission of resuming the bearish wave that targets 76.05 as a next station, to keep the bearish trend scenario valid and active for today supported by the negative pressure coming by the EMA50 unless breaching 79.20 and holding above it.
The expected trading range for today is between 75.50 support and 79.50 resistance.
The expected trend for today: Bearish
Midday update for Silver 24-11-2022
Silver price moves within minor bullish channel that carries the price to achieve more expected rise for the rest of the day, waiting to test 22.00 followed by 22.24 levels as next main targets, to keep the bullish trend scenario valid and active unless breaking 21.30 and holding below it.
The expected trading range for today is between 21.30 support and 22.00 resistance.
The expected trend for today: Bullish
Midday update for Gold 24-11-2022
Gold price crawls upwards calmly, approaching our first waited positive target at 1765.00, and as long as the price is above 1746.40, our bullish overview will remain valid for the upcoming period, reminding you that surpassing the mentioned target will push the price to 1786.50 as a next positive station.
The expected trading range for today is between 1740.00 support and 1775.00 resistance.
The expected trend for today: Bullish