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

Midday update for Crude Oil 20/05/2013

Economies.com
2013-05-20 10:40AM UTC

Crude oil price provided some bearish bias since the morning, reinforcing the chances of the continuation of moving between the morning mentioned sideways range lines, which makes us keep the suggested scenario in our morning report valid as it is without any change, pointing that breaking below 94.65 will provide negative motive that supports more downside move on the intraday basis.

 

Expected trading range for today is between: 93.65 support and 98.00 resistance.

 

Expected trend for today: Sideways

 

Midday update for Silver 20/05/2013

Economies.com
2013-05-20 10:39AM UTC

Silver price shows some slight bullish bias affected by Stochastic positivity, and it might retest levels around 22.60, before resuming the bearish trend which remains valid and preferred unless the price achieved a breach and stability above the mentioned level.

 

Expected trading range for today is between: 19.85 support and 22.00 resistance.

 

Expected trend for today: Neutral

 

 

Midday update for Gold 20/05/2013

Economies.com
2013-05-20 10:39AM UTC

Gold price fluctuates around 1350.00 which represents now a minor resistance after it was previously broken, affected by Stochastic current positivity.

 

In general, our general expectations for the bearish trend remain valid unless breaching 1385.00, and breaking below 1333.00 will ease achieving the suggested targets in our morning report.

 

Expected trading range for today is between: 1300.00 support and 1370.00 resistance.

 

Expected trend for today: Bearish

Midday update for GBP USD 20/05/2013

Economies.com
2013-05-20 10:39AM UTC

The pair is fluctuating around 1.5190, showing weak volume trading since morning, which makes us keep in the suggested scenario in our morning report valid as it is without any change, pointing that the price might be forced to trade in sideways range until Stochastic loses its positive signal on the four hours time frame.

 

Expected trading range for today is between: 1.5035 support and 1.5300 resistance.

 

Expected trend for today: Bearish