Midday update for Crude oil 31-07-2020
Crude oil price keeps its stability below 40.50 level, keeping the negative scenario active for today, supported by the negative signals that come from stochastic and the EMA50, reminding you that our main waited targets begin at 38.50 and extend to 36.10.
The expected trading range for today is between 38.50 support and 41.50 resistance.
The expected trend for today: Bearish
Midday update for Brent oil 31-07-2020
Brent oil price traded with slight positivity this morning, but it returns to fluctuate near 43.30, therefore, so our neutral attitude will remain valid until now, waiting for breaking 42.75 support or breaching 43.85 resistance to detect the next trend clearly.
to recognize the details of the expected targets from the breach, please review our morning issued report.
The expected trading range for today is between 42.00 support and 45.00 resistance.
The expected trend for today: Neutral
Midday update for Silver 31-07-2020
Silver price trades with a strong positivity to approach from testing the critical resistance at 24.46, where 23.40 level formed a strong support against the price, to head towards achieving more of the potential gains in the upcoming sessions, but we prefer staying aside until confirming surpassing one of the mentioned levels, then detect our next targets clearly.
note that breaching the resistnace will open the way for the price rally towards 26.20 as a next positive target, while breaking the support will push the price to decline towards 22.54 then 21.70 levels as main negative targets.
The expected trading range for today is between 22.00 support and 25.00 resistance.
The expected trend for today: Neutral
Midday update for Gold 31-07-2020
Gold price provided a strong positive trading to test the critical rsistance at 1981.20, as we mentioned this morning, thus level represents one of the next trend keys besides 1937.20 support, where the price needs to breach one of these levels to detect its next trend clearly, which keeps our neutral attitude valid until now.
to recognize the expected targets from the breach, please review our morning report.
The expected trading range for today is between 1910.00 support and 2020.00 resistance.
The expected trend for today: Neutral