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End of day analysis for Crude oil 13-08-2019

Economies.com
2019-08-13 19:36PM UTC

Crude oil price rallied upwards strongly to succeed touching our waited positive target at 57.33, and it finds strong resistance there that might force the price to provide some temporary negative trades before resuming the positive attempts again, noting that breaching the mentioned level will push the price towards 60.86 as a next main station, while failing to breach will press on the price to visit 54.47 mainly.

End of day analysis for Gold 13-08-2019

Economies.com
2019-08-13 19:36PM UTC

Gold price faced strong negative pressure to start bearish correction for the last rise, and it leaned on 38.2% Fibonacci correction level that formed solid support at 1483.60 to push the price to rise again, which keeps the chances valid to continue the overall bullish trend, which its next target located at 1560.00, while holding above 1483.60 represents key condition to continue the expected rise.

Copper price without any change – Analysis – 13-8-2019

Economies.com
2019-08-13 10:28AM UTC

No change for Copper price that remains stable below 2.6200 resistance, to decrease the chances of the return to the bullish channel, while the contradiction of the major indicators forms the main reason to postpone the negative attack, to keep waiting to gather new negative momentum followed by waiting to reach 2.550 and 2.4660 levels.

 

The expected trading range for today is between 2.6200 and 2.5500

 

The expected trend for today: Bearish

The GBPJPY seeks an exit – Analysis – 13-8-2019

Economies.com
2019-08-13 10:28AM UTC

The GBPJPY pair still fluctuating within sideways track near 126.50 support line, attempting to find a path to resume the main bearish attack, noting that failing to achieve the required break might force the price to form strong positive rebound to cause unexpected losses, thus, we recommend monitoring the price behavior and wait to achieve the required break to confirm the preparation to record the additional targets at 124.85 followed by 123.25.

 

The expected trading range for today is between 128.10 and 125.60

 

The expected trend for today: Neutral