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Midday update for Crude oil 24-11-2022
Crude oil price shows sideways and tight trades since morning as appears on the chart, and the price needs to break 77.25 to ease the mission of resuming the bearish wave that targets 76.05 as a next station, to keep the bearish trend scenario valid and active for today supported by the negative pressure coming by the EMA50 unless breaching 79.20 and holding above it.
The expected trading range for today is between 75.50 support and 79.50 resistance.
The expected trend for today: Bearish
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Midday update for Silver 24-11-2022
Silver price moves within minor bullish channel that carries the price to achieve more expected rise for the rest of the day, waiting to test 22.00 followed by 22.24 levels as next main targets, to keep the bullish trend scenario valid and active unless breaking 21.30 and holding below it.
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