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Crude oil settles at the target – Analysis - 21-12-2018
Crude oil price settles below the previously completed bearish flag’s support line, and the price reached the thresholds of our waited target at 45.46, while the EMA50 forms continuous negative pressure agains the price, to support the chances of breaking the mentioned level followed by opening the way to rally towards 40.00 areas that represent our next main station.
In general, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 48.34 level and holding above it.
Expected trading range for today is between 44.00 support and 48.00 resistance.
Expected trend for today: Bearish
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Silver price attempts positively – Analysis - 21-12-2018
Silver price breached 14.73 level and settled above it, but we notice that the price faced solid resistance line that connects the recorded tops since last August, which forms negative pressure against the price, allowing us to suggest resuming the negative trades in the upcoming sessions, especially that stochastic provides clear negative signals now.
MoreGold price touches the resistance – Analysis - 21-12-2018
Gold price touched the correctional bullish channel’s resistance and bounced bearishly from there, noticing that the price failed to achieve a daily close above 1262.50, while stochastic provides negative signals now on the foud hours’ time frame.
MoreUSDCAD attempts positively – Analysis - 21-12-2018
The USDCAD pair attempted to breach 1.3500 barrier without managing to hold above it, and the EMA50 keeps providing the positive support to the price, while the bullish channel continues to organize the short term bullish wave.
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