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

Midday update for Gold 18/06/2013

Economies.com
2013-06-18 10:33AM UTC

Gold price broke the symmetrical triangle’s support line, to open the way for more negative trading for today, waiting for targets that begin at 1350.00

 

A daily close below the triangle’s support will add more support to the continuation of the bearish trend.

 

Expected trading range for today is between: 1360.00 support and 1405.00 resistance.

 

Expected trend for today: Bearish for the rest of the day

Midday update for Crude Oil 18/06/2013

Economies.com
2013-06-18 10:33AM UTC

Crude oil price continues to trade negatively heading towards retesting 96.85 level.

 

And in general, the morning suggested scenario remains valid and active for the rest of the day, reminding you with the importance of monitoring the price behavior when reaching the waited target.

 

Expected trading range for today is between 96.70 support and 100.00 resistance.

 

Expected trend for today: Overall bullish

Midday update for GBP USD 18/06/2013

Economies.com
2013-06-18 10:33AM UTC

The pair shows clear bearish bias heading towards 1.5600 level, and as we mentioned in our morning report, stability above the mentioned level will keep the positive overview as it is, supported by stochastic reaching the oversold levels.

 

Expected trading range for today is between: 1.5600 support and 1.5875 resistance.

 

Expected trend for today: Bullish

Midday update for EUR USD 18/06/2013

Economies.com
2013-06-18 10:33AM UTC

The pair trades with bullish bias since morning, touching 1.3400 level, while the EMA50 keeps supporting the bullish wave from below.

 

In general, our morning overview remains valid as it is for the rest of the day, conditioned by stability above 1.3275

 

Expected trading range for today is between: 1.3250 support and 1.3500 resistance.

 

Expected trend for today: Bullish