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

Midday update for Crude Oil 21/05/2013

Economies.com
2013-05-21 10:35AM UTC

Crude oil price is affected by Stochastic negativity to be trading now below 96.80, where we mentioned this morning that breaking below this level will stop the potential positive expectations.

 

Until now, we are keeping our expectations that issued in our morning report valid as it is unless witnessing daily close below 96.80.

 

Expected trading range for today is between: 95.00 support and 95.00 resistance.

 

Expected trend for today: Bullish

Midday update for Silver 21/05/2013

Economies.com
2013-05-21 10:35AM UTC

Silver price continues in the sideways trading, finding solid resistance at the EMA50, supported by Stochastic negativity.

 

And until now, we are waiting for confirming surpassing one of the critical levels between 22.00 support and 23.00 resistance to confirm the next trend on the intraday and short term basis.

 

Expected trading range for today is between: 21.00 support and 24.00 resistance.

 

Expected trend for today: Depends on the abovementioned levels

 

 

Midday update for Gold 21/05/2013

Economies.com
2013-05-21 10:35AM UTC

Gold price found strong resistance at the morning mentioned barrier at 1400.00, bouncing lower sharply heading to test the critical support barrier at 1368.00

 

And as we mentioned in our morning report, monitoring the price behavior according to the mentioned levels is required to get clearer confirmation signals for the trend, pointing that the EMA50 and Stochastic are pushing negatively which forces the price to decline currently.

 

 

Expected trading range for today is between: 1370.00 support and 1425.00 resistance.

 

Expected trend for today: Neutral

Midday update for GBP USD 21/05/2013

Economies.com
2013-05-21 10:35AM UTC

The pair managed to resume the decline to break below 1.5190 again, reinforcing our bearish trend expectations for today, which remains valid unless breaching 1.5285 and holding above it.

 

Expected trading range for today is between: 1.5035 support and 1.5325 resistance.

 

Expected trend for today: Bearish