Midday update for Crude oil 05-07-2022
Crude oil price traded with clear negativity to move away from 109.15 level, which supports the continuation of the expected bearish trend on the intraday and short term basis, which get good support by stochastic, waiting to head towards 104.60 mainly, noting that breaching 109.15 followed by 110.10 levels will push the price to start new recovery attempts and additional gains on the intraday basis.
The expected trading range for today is between 105.00 support and 110.50 resistance.
The expected trend for today: Bearish
Midday update for Silver 05-07-2022
Silver price resumes its negative to move away from 20.00 barrier, reinforcing the expectations of continuing the bearish trend, motivated by stochastic negativity, waiting to head towards 19.00 that represents our next target, noting that holding below 20.70 and 21.20 is important to continue the expected decline.
The expected trading range for today is between 19.50 support and 20.35 resistance.
The expected trend for today: Bearish
Midday update for Gold 05-07-2022
Gold price shows negative trades now, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that we are waiting to visit 1780.25 followed by 1750.00 levels as next main stations, while holding below 1818.00 represents the first condition to continue the suggested decline.
The expected trading range for today is between 1780.00 support and 1825.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 05-07-2022
The GBPUSD pair resumed its negative trades clearly to break 1.2077 and reinforce the expectations of continuing the bearish trend, waiting for more decline to visit 1.1933 that represents our next target, noting that holding below 1.2077 represent the first condition to continue the suggested scenario.
The expected trading range for today is between 1.2000 support and 1.2100 resistance.
The expected trend for today: Bearish