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Midday update for Brent oil 30-01-2023

Economies.com
2023-01-30 10:47AM UTC

Brent oil price shows some additional bearish bias to approach 85.10 support line, which represents one of the sideways range’s lines that dominates the intraday trades besides 88.20 resistance, to keep the sideways scenario valid until confirming surpassing one of these levels followed by detecting the next targets.

 

Note that the details of the expected targets after the breach are explained in our morning issued report.

 

The expected trading range for today is between 84.50 support and 88.00 resistance.

 

The expected trend for today: Sideways

Midday update for Crude oil 30-01-2023

Economies.com
2023-01-30 10:47AM UTC

Crude oil price continues to fluctuate at the sideways range’s support line at 78.95, and we still suggest the domination of the sideways move until breaking this support or breaching 81.60 resistance to detect the next destination clearly, noting that the technical indicators still contradicted.

 

To review the expected targets after the breach, please check our morning report.

 

The expected trading range for today is between 77.60 support and 81.20 resistance.

The expected trend for today: Sideways

Midday update for Silver 30-01-2023

Economies.com
2023-01-30 10:47AM UTC

Silver price continues to fluctuate around the EMA50, waiting to breach 23.80 to confirm the continuation of the expected bullish wave for today, which targets 24.55 as a next station, taking into consideration that breaking 23.55 will force the price to decline towards 23.05 before any new attempt to rise.

 

The expected trading range for today is between 23.30 support and 24.15 resistance.

 

The expected trend for today: Bullish

Midday update for Gold 30-01-2023

Economies.com
2023-01-30 10:46AM UTC

Gold price didn’t show any strong move since morning, and as long as the price is below 1936.00, our bearish overview will remain valid for today, supported by stochastic loss to the positive momentum, reminding you that our waited target is located at 1908.40.

 

The expected trading range for today is between 1908.00 support and 1940.00 resistance.

 

The expected trend for today: Bearish temporarily

Frequently asked questions

What is the price of Brent Oil today?

The price of Brent Oil is $68.30 (2025-07-04 23:54PM UTC)