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Midday update for Crude oil 20-10-2022
Crude oil price provides additional positive trades to head towards potential test to the key resistance 86.60, while stochastic shows more negative signals that keep the chances valid to resume the expected bearish trend for today, which depends on the price stability below the mentioned resistance, and the price needs to break 84.60 to ease the mission of heading towards our negative targets at 82.30 and extend to 80.00.
The expected trading range for today is between 82.20 support and 86.60 resistance.
The expected trend for today: Bearish
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Midday update for Silver 20-10-2022
Silver price shows some bullish bias since morning, but as long as the price is below 18.80, our bearish overview will remain valid and active for today, supported by the negative pressure formed by the EMA50, waiting to resume the bearish bias to achieve our negative targets that start at 18.00 and extend to 17.60.
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