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Midday update for Crude oil 04-10-2021
Crude oil price shows calm positive trades to crawl gradually towards the first waited target at 76.64, expecting to breach this level to open the way to head towards 79.00 as a next main station, noting that the EMA50 continues to protect the bullish wave inside the bullish channel that appears on the chart, which will remain valid conditioned by the price stability above 74.65.
The expected trading range for today is between 74.50 support and 77.00 resistance.
The expected trend for today: Bullish
Midday update for Silver 04-10-2021
Silver price begins to rebound bearishly after testing the bearish channel’s resistance, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, waiting to head towards 21.65 as a first main station, reminding you that it is important to hold below 22.90 to continue the expected bearish trend.
MoreMidday update for Gold 04-10-2021
Gold price resumes its negative trades clearly after consolidating below the bearish channel’s resistance, motivated by stochastic negativity, waiting for more decline for the rest of the day to visit 1735.00 mainly, reminding you that the continuation of the bearish wave depends on the price stability below 1770.00.
MoreMidday update for the GBPUSD 04-10-2021
The GBPUSD pair shows new bullish bias to head towards potential test to the key resistance 1.3600, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend active, supported by the EMA50 that forms continuous negative pressure against the price, noting that our targets begin by breaking 1.3530 to confirm rallying towards 1.3415.
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