Midday update for Brent oil 27-05-2022
Brent oil price didn’t show any strong move since morning, thus, no change to the bullish trend scenario that depends on the price stability above 114.00 as a first condition to continue the suggested rise, reminding you that we are waiting to breach 115.10 to confirm opening the way to head towards 117.00 followed by 121.30 levels.
The expected trading range for today is between 113.00 support and 117.50 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 27-05-2022
The tight range dominates crude oil price trades, which continues to fluctuate around 113.70, thus, the bullish trend scenario will remain valid as it is without any change, which conditions breaching the mentioned level to confirm rallying towards our positive targets that start at 117.00 and extend to 119.35, noting that breaking 112.35 will stop the positive scenario and press on the price to turn to decline.
The expected trading range for today is between 111.50 support and 117.00 resistance.
The expected trend for today: Bullish
Midday update for Silver 27-05-2022
Silver price trades with clear positivity now, to support the expectations of achieving more gains in the upcoming sessions, affected by the inverted head and shoulders’ pattern that was completed previously, reminding you that our next main target is located at 22.67, reminding you that the continuation of the bullish wave conditions holding above 21.83 and the most important above 21.60.
The expected trading range for today is between 21.80 support and 22.60 resistance.
The expected trend for today: Bullish
Midday update for Gold 27-05-2022
Gold price resumes its positive trading and attempts to return to the bullish channel that appears on the chart, reinforcing the expectations of continuing the bullish trend for the rest of the day, and the way is open to achieve our next main target at 1890.00, taking into consideration that achieving the waited targets requires holding above 1850.00 and 1838.10 levels.
The expected trading range for today is between 1840.00 support and 1880.00 resistance.
The expected trend for today: Bullish