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Crude oil loses momentum – Analysis - 19-07-2018
Crude oil price keeps rising to approach the key resistance 69.44, accompanied by witnessing big overbought signals by stochastic, while the EMA50 forms negative pressure against the price.
Therefore, these factors encourage us to keep our bearish overview, which depends on holding below 69.44, noting that our waited target is located at 66.00.
Expected trading range for today is between 67.00 support and 70.00 resistance.
Expected trend for today: Bearish
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Silver price attempts to confirm the break – Analysis - 19-07-2018
Silver price hovers around 15.49 level, and it needs to get a daily close below this level to confirm the continuation of the bearish trend, reminding you that we are waiting to target 15.15 followed by 14.77 levels as next main stations.
MoreGold price around the support – Analysis - 19-07-2018
Gold price fluctuates around the bearish channel’s support line that appears on the chart, and the EMA50 keeps forming the negative pressure against the intraday and short term trades, to continue suggesting the bearish trend in the upcoming period, depending on the price stability below 1243.00, noting that we are waiting to visit 1204.80 level that represents our next main target.
MoreUSDCAD approaches the support again – Analysis - 19-07-2018
The USDCAD pair trades negatively now to approach testing 1.3128 level, and as long as the price is above this level, our bullish overview will remain active, supported by the EMA50, reminding you that our main waited target is located at 1.3382.
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