The pair fluctuates in sideways and tight range settled below 0.9700, keeping the preferred bearish trend scenario valid and active for today, reminding you that holding below 0.9775 – 0.9810 is important to keep the chances of achieving the suggested targets in our morning report.
Expected trading range for today is between: 0.9485 support and 0.9775 resistance.
Expected trend for today: Bearish
Crude oil price is affected by Stochastic negativity, where it trades below the EMA50, while the sideways range remains dominant and preferred on the intraday basis between 96.75 and 92.75
Thus, the morning suggested scenario remains valid and active for the rest of today’s trading.
Expected trading range for today is between: 92.00 support and 96.75 resistance.
Expected trend for today: Sideways
More sideways trading dominates silver price between 22.00 and 23.00, while the EMA50 and Stochastic are pushing negatively on the intraday trading.
In general, we are still waiting for surpassing one of the above mentioned levels to confirm the next trend on the intraday and short term basis.
Expected trading range for today is between: 21.00 support and 23.50 resistance.
Expected trend for today: Depends on the abovementioned levels
Gold price fluctuates around the EMA50, finding solid resistance below 1400.00 until now, while we still waiting to confirm surpassing one of the critical levels between 1364.00 support and 1400.00 resistance to get clearer signal for the next trend, and the details of the suggested targets are explained in our morning report.
Expected trading range for today is between: 1340.00 support and 1447.00 resistance.
Expected trend for today: Depends on the abovementioned levels