Brent Oil Price Analysis

Expected Scenario

• Brent oil price shows additional positive trades to approach the 86.00$ barrier, which supports the continuation of the expected bullish trend for today, motivated by stochastic positivity, and we believe that the way is open to achieve our main waited target at 87.67$, reminding you that the continuation of the bullish wave depends on the price stability above 84.77$.

Expected Trading Range

Between 84.00$ support and 87.00$ resistance.

Crude Oil Price Analysis

Expected Scenario

• Crude oil price managed to breach 81.50$ level and closed the last four hours’ candlestick above it, reinforcing the expectations of continuing the bullish trend efficiently for the rest of the day, opening the way to achieve our positive targets that start at 82.25$ and extend to 83.90$.
• The price needs to hold above 81.50$ to guarantee the continuation of the bullish wave and not turning to decline.

Expected Trading Range

Between 80.30$ support and 83.20$ resistance.

Silver Price Analysis

Expected Scenario

• Silver price shows some slight bullish bias affected by stochastic positivity, but as long as the price is below 29.30$, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our targets begin at 28.55$ and extend to 27.62$ after breaking the previous level.

Expected Trading Range

Between 28.30$ support and 29.20$ resistance.