Midday update for Brent oil 25-01-2023
Brent oil price shows sideways trades since morning, waiting to resume the bearish bias to test 85.10 level as a next negative station, which breaking it represents the key to rally towards achieving new negative targets that start at 83.70 and extend to 82.00, taking into consideration that the continuation of the bearish wave depends on the price stability below 86.90.
The expected trading range for today is between 85.00 support and 88.00 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 25-01-2023
Crude oil price shows negative trades now to approach the first waited target at 78.95, reminding you that breaking this level will push the price to achieve additional decline that its next target reaches 77.25, to continue suggesting the bearish trend for the upcoming period unless breaching 80.80 and holding above it.
The expected trading range for today is between 78.50 support and 81.60 resistance.
The expected trend for today: Bearish
Midday update for Silver 25-01-2023
Silver price is affected by stochastic negativity to provide negative trades now, but as long as the price is above 23.05, our bullish overview will remain valid for today, waiting to breach 23.70 to ease the mission of achieving our positive targets that start at 24.00 and extend to 24.55.
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 25-01-2023
Gold price shows additional negative trades to press on 1928.00 level, which urges caution from the upcoming trading, as continuing the decline and breaking 1921.00 will stop the recently suggested positive scenario and force the price to achieve some bearish correction, while the price needs to trade above 1937.00 to regain the bullish trend that its next target located at 1950.00.
The expected trading range for today is between 1915.00 support and 1950.00 resistance.
The expected trend for today: Bullish