Midday update for Crude oil 02-12-2019
Crude oil price provides positive trades affected by stochastic positivity, but as long as the price is below 57.40, the negative pressure will remain valid for today, supported by the EMA50, waiting to test 54.60 as a first station, reminding you that breaking this level will push the price to 51.80 on the near term basis.
The expected trading range for today is between 54.00 support and 57.40 resistance.
The expected trend for today: Bearish
Midday update for Silver 02-12-2019
Silver price shows slight negative trades in attempt to move away from 16.96, thus, our bearish overview will remain valid for today, supported by the EMA50 that presses negatively on the price, reminding you that our next target is located at 16.33, while holding below 17.25 represents key condition to achieve it.
The expected trading range for today is between 16.60 support and 17.10 resistance.
The expected trend for today: Bearish
Midday update for Gold 02-12-2019
Gold price trades negatively and attempts to return to the bearish channel, reinforcing the expectations of continuing the bearish trend for today, which its targets begin at 1447.00 and extend to 1413.10 after breaking the previous level, reminding you that the continuation of the expected bearish trend depends on the price stability below 1489.00.
The expected trading range for today is between 1440.00 support and 1470.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 02-12-2019
The GBPUSD pair did not show any strong move since morning, testing the EMA50, and as long as the price is above 1.2840, our bullish overview will remain valid for today, waiting to get enough positive motive to push the price towards 1.3045 that represents our next main target.
The expected trading range for today is between 1.2850 support and 1.3000 resistance.
The expected trend for today: Bullish