Midday update for Brent oil 25-11-2022
Brent oil price trades positively to surpass 86.00 barrier, which supports the continuation of the expected bullish trend for today, waiting for more rise to head towards our main target at 89.25, reminding you that the continuation of the bullish trend depends on the price stability above 84.20 and 83.57.
The expected trading range for today is between 84.30 support and 88.00 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 25-11-2022
Crude oil price shows additional positive trades to move away from 78.00 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our main waited target reaches 82.60, while the continuation of the bullish wave requires holding above 78.00.
The expected trading range for today is between 77.00 support and 80.50 resistance.
The expected trend for today: Bullish
Midday update for Silver 25-11-2022
Silver price faces negative pressure to attack 21.30 level, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the bullish trend scenario active for today, which its next main target located at 22.24, while confirming breaking 21.30 will push the price to decline towards 20.72 areas mainly.
The expected trading range for today is between 21.20 support and 22.00 resistance.
The expected trend for today: Bullish
Midday update for Gold 25-11-2022
Gold price shows some bearish bias now to test the key support 1746.40, and as long as the price is above this level, our bullish overview will remain valid for today, supported by the EMA50 that meets the mentioned support to add more strength to it, reminding you that our waited targets begin at 1765.00 and extend to 1786.50.
The expected trading range for today is between 1745.00 support and 1780.00 resistance.
The expected trend for today: Bullish