Midday update for Brent oil 26-09-2023
Brent oil price achieved a clear break to 92.74 level and closed the last four hours candlestick below it, reinforcing the expectations for the bearish trend expectations efficiently in the upcoming sessions, opening the way towards 90.70 as a next main target, being aware that holding below 92.74 represents the initial condition for the continuation of the expected decline.
The expected trading range for today is between 91.30 support and 94.40 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 26-09-2023
Crude oil price achieved an initial break to 89.35 level and attempts to settle below it, which supports the continuation of the expected bearish trend scenario in the upcoming period, targeting 87.16 levels as a next main station.
therefore, we are waiting for more of the expected downside moves for the rest of the day, reminding you that holding below 91.10 is important for the continuation of the suggested bearish trend.
The expected trading range for today is between 88.30 support and 91.20 resistance.
The expected trend for today: Bearish
Midday update for Silver 26-09-2023
Silver price attempted to break 23.00 level, but it couldn’t settle below this level, keeping our neutral attitude valid until getting clearer signal for the next trend, where we keep monitoring the price according to the mentioned level.
reminding you that breaking the mentioned support will push the price to head towards 22.25 mainly, while the stability above it will push the price to recover and visit 23.70 level initially.
The expected trading range for today is between 22.60 support and 23.50 resistance.
The expected trend for today: Neutral
Midday update for Gold 26-09-2023
Gold price shows negative trading, to press on 1913.15 level and provides signals for heading to the downside for the rest of the day, but we still aside until the price confirm its attitude according to this level, then detect its next trend clearly.
to recognize the details of the expected targets in the upcoming period, please review our morning report.
The expected trading range for today is between 1900.00 support and 1930.00 resistance.
The expected trend for today: Neutral