|
Midday update for Crude Oil 01-08-2016
Crude oil price bounced bearishly after retesting 41.87 level, which supports the continuation of our bearish overview for efficiently for the upcoming period, reinforced by stochastic negativity that appears clearly on the four hours' time frame, and the way is open to continue the decline towards our main waited target at 38.84.
Therefore, the bearish bias will be suggested for the upcoming sessions conditioned by the price stability below 41.87 and 42.80 levels.
Expected trading range for today is between 38.84 support and 43.00 resistance.
Expected trend for today: Bearish
Thanks for your feedback.
Midday update for Silver 01-08-2016
Silver price did not show any strong move since morning, to fluctuate around 20.50 level, and as long as the price is above 19.35 level, our bullish overview will remain valid and active for today, waiting to breach the previously recorded top at 21.12 to open the way to head towards 22.00 followed by 22.40 levels.
MoreMidday update for Gold 01-08-2016
Gold price shows weak trading since morning to hover around 1250.00 level, as the price is affected by stochastic negativity, while the EMA50 keeps supporting the price from below.
MoreMidday update for GBPUSD 01-08-2016
The GBPUSD pair traded with clear negativity this morning moving away from the sideways range resistance that dominates the recent trades, which supports the continuation of our bearish trend expectations for the upcoming period, reinforced by stochastic negativity, waiting to break 1.3060 level to open the way to head towards 1.2860 followed by 1.2825 levels mainly.
More