Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Midday update for Crude oil 01-06-2020

Economies.com
2020-06-01 10:15AM UTC

Crude oil price shows sideways trades since morning and keeps its stability above the first key support 34.60, to keep the bullish trend scenario valid and active for today, organized inside the bullish channel that appears on the chart, waiting to breach 36.10 to ease the mission of achieving our extended positive targets that reach 41.04 followed by 43.05, reminding you that it is important to hold above 34.60 and 33.25 levels to achieve the suggested targets.

 

The expected trading range for today is between 34.00 support and 37.50 resistance.

The expected trend for today: Bullish

Midday update for Silver 01-06-2020

Economies.com
2020-06-01 10:15AM UTC

Silver price reached few pips away from our first target 18.45 and shows temporary bearish bias now, affected by stochastic negativity, waiting to get enough positive momentum to push the price to resume the expected bullish trend for the upcoming period, which targets 18.93 as a next main station.

 

In general, we will continue to suggest the bullish trend unless breaking 17.10 level and holding below it.

 

The expected trading range for today is between 17.80 support and 18.60 resistance.

 

The expected trend for today: Bullish

Midday update for Gold 01-06-2020

Economies.com
2020-06-01 10:14AM UTC

Gold price shows some slight bearish bias but it settles above the EMA50, thus, we will continue to suggest the bullish trend for today, which depends on the price stability above 1719.00, reminding you that our positive targets begin at 1764.00 and extend to 1810.00 after surpassing the previous level.

 

The expected trading range for today is between 1720.00 support and 1764.00 resistance.

 

The expected trend for today: Bullish

Midday update for the GBPUSD 01-06-2020

Economies.com
2020-06-01 10:14AM UTC

The GBPUSD pair settles around 1.2400 since morning, waiting to get enough positive momentum to push the price the price to resume the main bullish trend, which targets 1.2515 level as a next station.

 

We remind you that the continuation of the expected bullish wave requires holding above 1.2304.

 

The expected trading range for today is between 1.2304 support and 1.2500 resistance.

 

The expected trend for today: Bullish