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Crude oil price attempts positively – Analysis - 12-09-2023
Crude oil price fluctuates with slight positivity now, and it might test the key resistance 88.18 before turning back to decline again, as it is affected by stochastic positivity.
Until now, the correctional bearish trend scenario still valid as long as 88.18 level remains intact, as breaching this level represents the key to resume the main bullish trend again, while the price needs to break 87.00 to ease the mission of heading towards the expected negative targets, which start at 85.75 and extend to 84.25 after surpassing the previous level.
The expected trading range for today is between 86.00 support and 88.80 resistance.
The expected trend for today: Bearish
Silver price needs positive motive - Analysis - 12-09-2023
Silver price fluctuates within sideways track since yesterday, keeping its stability above 23.00, to keep the chances valid to resume the expected bullish trend on the intraday basis, which targets 23.70 as a next main station.
MoreGold price gathers new positive momentum – Analysis - 12-09-2023
Gold price finds difficulty to confirm breaching 1929.00 level, to rebound bearishly and lean on the intraday bullish trend line that appears on the chart, noticing that stochastic provides the positive momentum again, waiting to motivate the price to resume the bullish wave and surpass the mentioned level to open the way to head towards 1945.20 as a next main target.
MoreThe USDCAD surpasses the first target – Analysis - 12-09-2023
The USDCAD pair succeeded to achieve our first waited target at 1.3580, noticing that the price broke the bullish channel’s support line and settled below it, reinforcing the expectations of continuing the domination of the bearish trend, and the way is open to head towards 1.3500 as a next main target.
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