Midday update for Brent oil 31-03-2021
Brent oil price keeps its stability above the intraday bullish trend line, and stochastic continues to provide the positive signals, to keep the bullish trend scenario valid and active for today, which depends on the price stability above 63.95, reminding you that our next main target is located at 66.90.
The expected trading range for today is between 63.00 support and 66.00 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 31-03-2021
Crude oil price still stuck between the key levels represented by 59.85 support and 61.25 resistance, which keeps our neutrality valid until now, waiting to breach one of these levels to detect the next targets clearly.
To review the details of the expected targets after the breach, please check our morning report.
The expected trading range for today is between 59.30 support and 62.00 resistance.
The expected trend for today: Depends on the above mentioned levels
Midday update for Silver 31-03-2021
Silver price provides slight positive trades to move above 24.00 level, as the price is affected by stochastic positivity, while it’s still within the bearish channel that supports the continuation of the expected bearish trend scenario for the upcoming period, which depends on the price stability below 25.50, while our next main target is located at 22.90.
The expected trading range for today is between 23.00 support and 24.30 resistance.
The expected trend for today: Bearish
Midday update for Gold 31-03-2021
Gold price fluctuates within sideways track since morning, keeping its stability below 1692.00, to keep the negative pressure valid for today, supported by the EMA50, waiting to resume the bearish trend that its next target located at 1665.00, reminding you that it is important to hold below 1692.00 to continue the expected decline.
The expected trading range for today is between 1660.00 support and 1695.00 resistance.
The expected trend for today: Bearish