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Midday update for Crude oil 02-08-2022
Crude oil price tests the bearish channel’s resistance and keeps its stability below it, to start declining now and attempts to move away from this resistance, to keep the bearish trend scenario active for today, which its next target located at 89.60, while holding below 93.50 represents key condition to achieve it.
The expected trading range for today is between 89.60 support and 94.50 resistance.
The expected trend for today: Bearish
Midday update for Silver 02-08-2022
Silver price shows sideways trades since morning, and stochastic continues to gather the positive momentum, waiting to resume the bullish wave that its next target located at 21.00, noting that the EMA50 continues to support the expected rise, while the positive scenario will remain valid unless breaking 19.60 and holding below it.
MoreMidday update for Gold 02-08-2022
Gold price fluctuates within tight track since morning, affected by stochastic negativity to show some slight bearish bias, but as long as the price is above 1755.70, our bullish overview will remain valid for today, supported by the EMA50, waiting to breach 1779.25 to confirm rallying towards 1802.80 as a next station.
MoreMidday update for the GBPUSD 02-08-2022
The GBPUSD pair broke 1.2230 level clearly to open the way to turn towards the decline in the upcoming sessions, targeting testing 1.2100 before turning back to resume the bullish trend again.
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