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Crude oil breaks the support – Analysis - 18-07-2018
Crude oil price managed to close the daily candlestick below 68.06 level, which supports the continuation of our bearish overview efficiently in the upcoming sessions, opening the way to head towards 65.90 that represents our next main station.
The EMA50 presses negatively on the price, while stochastic begins to provide negative overlapping signal on the four hours’ time frame, to form factors that agree the expectations to decline, noting that the continuation of the expected bearish bias depends on holding below 68.06 and the most important below 69.44.
Expected trading range for today is between 65.90 support and 69.44 resistance.
Expected trend for today: Bearish
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Silver price reaches the target – Analysis - 18-07-2018
Silver price managed to reach our main waited target at 15.49 and settles near it, noticing that the price moves inside a bearish channel that appears on the chart, which supports the chances of breaking the mentioned level and extend the bearish wave on the intraday and short term basis.
MoreGold price confirms the break – Analysis - 18-07-2018
Gold price succeeded to confirm breaking 1236.41 level after closing the daily candlestick below it, reinforcing the expectations of achieving more decline in the upcoming sessions, waiting to head towards our next target at 1204.80.
MoreUSDCAD trades positively – Analysis - 18-07-2018
The USDCAD pair showed good positive trades yesterday after leaning on 1.3128 level, to settle around 1.3200 barrier now, which supports the continuation of our bullish overview in the upcoming sessions, reminding you that breaching 1.3218 will support the positive overview and push the price towards the main waited target at 1.3382.
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