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

Midday update for AUD USD 15/05/2013

Economies.com
2013-05-15 10:58AM UTC

The pair trades with bearish bias since morning, settling below 0.9900, which keeps the bearish trend expectations valid and active until now, reminding you that monitoring the price behavior when reaching the main target at 0.9825 is required, due to its importance in detecting the trend on the short term basis.

 

Expected trading range for today is between: 0.9765 support and 0.9975 resistance.

 

Expected trend for today: Bearish

Midday update for Crude Oil 15/05/2013

Economies.com
2013-05-15 10:58AM UTC

Crude oil price tested the critical support 93.35, and as we mentioned in our morning report, we need confirmations signals for the next trend by monitoring the price behavior according to the critical levels between the mentioned support and the resistance 94.65

 

More details about the expected targets form the breach is explained in our morning issued report.

 

Expected trading range for today is between: 92.20 support and 97.00 resistance.

 

Expected trend for today: Depends on the above mentioned levels

 

Midday update for Silver 15/05/2013

Economies.com
2013-05-15 10:56AM UTC

Silver price put more negative pressure on the sideways range’s support to achieve a break below this support, opening the way towards a potential intraday bearish trading, and the main target is located around 22.00 for today.

 

EMA50 is pressing negatively on the intraday trading, while stochastic might cause some trading and positive temporary attempts.

 

Expected trading range for today is between: 22.00 support and 24.60 resistance.

 

Expected trend for today: Bearish

Midday update for Gold 15/05/2013

Economies.com
2013-05-15 10:56AM UTC

Gold price achieved the waited break below 1421.00 reinforcing the suggested bearish trend expectations for today, waiting for targets begin at 1404.00 and extend towards 1390.00 for today.

 

EMA50 supports these expectations, while Stochastic might lead to retest the broken 1421.00

 

Expected trading range for today is between: 1390.00 support and 1447.00 resistance.

 

Expected trend for today: Bearish