Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Midday update for Silver 30-10-2023

Economies.com
2023-10-30 10:19AM UTC

Silver price shows additional bullish bias to move away from 23.00 level, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our first main target at 23.70.

 

The EMA50 supports the suggested bullish wave, which will remain valid unless breaking 23.00 and holding below it.

 

The expected trading range for today is between 22.90 support and 23.60 resistance.

 

The expected trend for today: Bullish

Midday update for Brent oil 30-10-2023

Economies.com
2023-10-30 10:20AM UTC

Brent oil price faces new negative pressure to attack 89.45 level and attempts to hold below it, which urges caution from the upcoming trading, as confirming the break will put the price under negative pressure for the rest of the day to head towards testing 86.75 areas mainly, while the price needs to surpass 90.30 to revive the positive scenario that its first target located at 91.85.

 

The expected trading range for today is between 88.00 support and 91.30 resistance.

 

The expected trend for today: Bullish

Midday update for Crude oil 30-10-2023

Economies.com
2023-10-30 10:19AM UTC

Crude oil price didn’t show any strong move since morning, fluctuating around 85.00$ barrier, thus, no change to the expected bullish trend for today, supported by stochastic gain to the positive momentum gradually, depending on the price stability above 84.55, reminding you that our next main target extends to 88.70.

 

The expected trading range for today is between 84.00 support and 87.00 resistance.

 

The expected trend for today: Bullish

Midday update for Gold 30-10-2023

Economies.com
2023-10-30 10:19AM UTC

Gold price faces negative pressure to test the bullish channel’s support line, affected by stochastic negativity, waiting to get positive motive that assist to push the price to resume the expected bullish trend for today, which targets 2016.90 as a next main station.

 

On the other hand, we should note that the continuation of the decline and breaking 1977.25 will stop the positive scenario and push the price to turn to decline.

 

The expected trading range for today is between 1990.00 support and 2020.00 resistance.

 

The expected trend for today: Bullish