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

Midday update for AUD USD 17/05/2013

Economies.com
2013-05-17 10:59AM UTC

The pair continues to trade negatively, recording 0.9726 this morning, while we still suggest the overall bearish trend for today, depending on breaking 0.9825 level yesterday.

 

Stochastic positivity might cause some temporarily sideways trading before resuming the bearish trend which remains valid unless 0.9825 was breached.

 

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

 

Expected trend for today: Bearish

 

Midday update for Crude Oil 17/05/2013

Economies.com
2013-05-17 10:59AM UTC

Crude oil price trades with quite bullish bias approaching from the main waited target at 96.90, keeping the positive intraday bias that was expected this morning valid, reminding you that the sideways range is preferred to be the dominant on the upcoming trading, until surpassing one this range lines which are represented by the mentioned resistance and 92.50 support.

 

Expected trading range for today is between: 92.50 support and 97.60 resistance.

 

Expected trend for today: Sideways

 

Midday update for Silver 17/05/2013

Economies.com
2013-05-17 10:59AM UTC

Silver price shows sideways and tight trading range since morning, and remains below the EMA50, which keeps the morning suggested scenario valid as it is without any change, reminding you that breaching above 22.80 will stop the downside track expectations for today.

 

Expected trading range for today is between: 20.90 support and 23.50 resistance.

 

Expected trend for today: Bearish

Midday update for Gold 17/05/2013

Economies.com
2013-05-17 10:59AM UTC

Gold price is affected by Stochastic current positivity, providing some slight bullish bias, but EMA50 keeps pushing negatively on the intraday trading, which makes us keep our morning issued expectations valid as they are, and breaking below 1373.50 will reinforce these expectations.

 

Expected trading range for today is between: 1350.00 support and 1400.00 resistance.

 

Expected trend for today: Bearish