|
Midday update for Crude oil 02-05-2023
Crude oil prices rebound bearishly after testing 76.10 level this morning, to keep the bearish trend scenario active for today, motivated by the negative signal provided by stochastic, waiting to visit 73.85 level as a next main target.
The EMA50 keeps supporting the suggested bearish wave, which will remain valid unless the price rallied to breach 76.10 and hold above it.
The expected trading range for today is between 74.00 support and 77.00 resistance.
The expected trend for today: Bearish
Thanks for your feedback.
Midday update for Silver 02-05-2023
Silver price shows additional negative trades to start pressing on 24.60 level, waiting to break this level to confirm rallying towards the next correctional target at 23.70.
MoreMidday update for Gold 02-05-2023
Gold prices continues to fluctuate around the symmetrical triangle’s support line, noticing that the price attempts to consolidate below it, reinforcing the expectations of continuing the correctional bearish trend, waiting to visit 1957.30 as a next negative station.
MoreMidday update for the GBPUSD 02-05-2023
The GBPUSD pair faces additional negative pressure to attack the bullish channel’s support line and attempts to hold below it, to hint heading to turn to decline and start bearish correction for the rise that started from 1.1800 areas, paving the way to achieve negative targets that start by visiting 1.2400 areas.
More