Midday update for Crude oil 03-06-2020
Crude oil price shows some slight bearish bias now after testing 38.00$ barrier this morning, waiting to get positive motive that assists to push the price to resume the main bullish trend, organized inside the bullish channel that appears on the chart, as the main expected targets located at 41.04 followed by 43.050, while achieving them requires holding above 36.10 and the most important above 35.25.
The expected trading range for today is between 36.10 support and 40.00 resistance.
The expected trend for today: Bullish
Midday update for Silver 03-06-2020
Silver price attempts to break 17.77 level now, while the EMA50 attempts to protect the recently suggested positive scenario, supported by stochastic reach to the oversold areas now, waiting to motivate the price to resume the bullish trend that its next main target located at 18.93, reminding you that holding below 17.77 will push the price to provide more negative trades and head towards 17.10 before rising again.
The expected trading range for today is between 17.60 support and 18.40 resistance.
The expected trend for today: Bullish
Midday update for Gold 03-06-2020
Gold price shows new negative trades to press on 1719.00 level and moves below it, which urges caution from the upcoming trading, as consolidating below this level will force the price to achieve more decline and visit 1691.10 level as a next negative station.
Until now, we will keep our bullish overview conditioned by the price stability above 1719.00, supported by stochastic that enters the oversold areas now, reminding you that our first target is located at 1764.00.
The expected trading range for today is between 1715.00 support and 1760.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 03-06-2020
The GBPUSD pair keeps its stability above 1.2515, to keep the positive scenario valid and active for the upcoming sessions, supported by the EMA50 that assists to push the price to achieve more expected gains, reminding you that our next target reaches 1.2777, while achieving it requires holding above 1.2515.
The expected trading range for today is between 1.2500 support and 1.2670 resistance.
The expected trend for today: Bullish