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Midday update for AUD USD 24/01/2013

Economies.com
2013-01-24 11:12AM UTC

The pair is pushing negatively on the bullish channel support appears in the image, while Stochastic attempts to provide positive signals that protect the positive scenario preferred this morning.

 

In general, we will continue in preferring the bullish trend unless 1.0500 was broken and settling with a daily close below it, which will cause a turning in the intraday track to the downside.

 

Expected trading range for today is between: 1.0485 support and 1.0700 resistance.

 

Expected trend for today: Bullish

 

 

 

Midday update for Crude Oil 24/01/2013

Economies.com
2013-01-24 11:12AM UTC

Crude oil moves in tight range since morning with mild bullish bias, that makes us continue in our positive scenario suggested in our previous report which remains valid and conditioned by holding above 95.40- 95.00

 

Expected trading range for today is between: 94.50 support and 97.50 resistance.

 

Expected trend for today: Bullish

 

Midday update for Silver 24/01/2013

Economies.com
2013-01-24 11:11AM UTC

Silver price attacks 31.80, which is considered as a protection factor for our positive expectations on the intraday basis, and until now, the positive scenario issued this morning remains valid supported by EMA50.

 

Expected trading range for today is between: 31.80 support and 33.15 resistance.

 

Expected trend for today: Bullish

Midday update for Gold 24/01/2013

Economies.com
2013-01-24 11:11AM UTC

Gold was exposed to more negative pressure since morning, to achieve an initial break to 1682.00, and as we mentioned in the morning that this break will open the way for an intraday turning to the downside and we might witness a visit to 1670.00 and 1660.00.

 

Until now, the morning suggested scenario remains valid and active unless witnessing a daily close below 1682.00

 

Expected trading range for today is between: 1670.00 support and 1704.00 resistance.

 

Expected trend for today: Bullish