Evening update analysis for the EURUSD 05-12-2022
The EURUSD pair returns to attack the key support 1.0515 now, which urges caution from the upcoming trading, as confirming breaking this level by ending the day below it will stop the recently suggested positive scenario and lead the price to turn to decline and visit 1.0395 areas initially.
Midday update for Brent oil 05-12-2022
Brent oil price trades with clear positivity to attack the bullish flag’s resistance that appears on the chart, which supports the continuation of the expected bullish trend scenario for today, which targets 88.67 as a next main station, reminding you that holding above 85.70 is important to achieve the waited targets.
The expected trading range for today is between 85.20 support and 89.00 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 05-12-2022
Crude oil price resumes its positive trading to surpass 81.00 level and attempts to hold above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, opening the way to head towards our next target at 83.27, noting that the continuation of the bullish wave requires holding above 81.00 and the most important above 79.50.
The expected trading range for today is between 79.50 support and 83.00 resistance.
The expected trend for today: Bullish
Midday update for Silver 05-12-2022
Silver price trades negatively to approach testing the key support base 22.86, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the bullish trend scenario active for today, which targets 23.90 as a next main station.
The expected trading range for today is between 22.90 support and 24.00 resistance.
The expected trend for today: Bullish