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

Midday update for AUD USD 14/05/2013

Economies.com
2013-05-14 10:38AM UTC

The pair continues its bearish pressure on the intraday basis, reinforcing our expected bearish trend expectations for today, keeping the morning suggested scenario valid for today unless witnessing a breach and stability with a daily close above 0.9975

 

Expected trading range for today is between: 0.9825 support and 1.0100 resistance.

 

Expected trend for today: Bearish

Midday update for Crude Oil 14/05/2013

Economies.com
2013-05-14 10:38AM UTC

The negative pressure remains dominating the intraday trading of crude oil, and price continues to approach 94.65 level, which represents the key factor to keep our positive overview valid on the short term basis.

 

Thus, the morning expectations remain valid unless the mentioned level was broken.

 

Expected trading range for today is between: 93.45 support and 97.70 resistance.

 

Expected trend for today: Bullish

Midday update for Silver 14/05/2013

Economies.com
2013-05-14 10:37AM UTC

Silver price was affected by stochastic negativity, to stop the potential inverted head and shoulders’ pattern which was mentioned in our recent reports, while the price is approaching now from the sideways’ support line at 23.25

 

In general, holding above the mentioned support will keep the sideways’ trading valid, while breaking it will lead to fall towards 22.60 followed by 22.00

 

Expected trading range for today is between: 22.60 support and 24.85 resistance.

 

Expected trend for today: Sideways

Midday update for Gold 14/05/2013

Economies.com
2013-05-14 10:37AM UTC

Gold price couldn’t hold above 1440.00 for long time, to test now the critical minor support level at 1430.00

 

And as we mentioned this morning, the next intraday trend depends on surpassing one of these levels, as a break for the mentioned support will lead to decline towards 1405.00 initially, while breaching above 1440.00 will push for intraday gains that reach towards 1460.00 followed by 1484.00

 

Expected trading range for today is between: 1420.00 support and 1460.00 resistance.

 

Expected trend for today: Depends on the abovementioned levels