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Midday update for Crude oil 05-10-2021
Crude oil price hovers around the bullish flag’s resistance, waiting to get positive momentum that assist to push the price to continue the bullish trend, and we believe that the way is open to achieve our positive targets that start at 79.00 followed by 80.00, while holding above 76.64 is important to continue the expected rise.
The expected trading range for today is between 76.50 support and 79.50 resistance.
The expected trend for today: Bullish
Midday update for Silver 05-10-2021
Silver price finds solid support at 22.40, to show some slight bullish bias, waiting to get negative motive that assist to break the mentioned level and confirm heading towards 21.65 as a next negative station, reminding you that it is important to hold below 22.90 to continue the expected decline.
MoreMidday update for Gold 05-10-2021
Gold price attempts to break 1755.00 level, motivated by stochastic negativity, waiting for more decline to visit 1735.00 that represents our next main target, to keep the negative scenario valid and active for the rest of the day conditioned by the price stability below 1770.00.
MoreMidday update for the GBPUSD 05-10-2021
The GBPUSD pair provides new positive trades to attack 1.3625 level, which urges caution from the upcoming trading, as confirming the breach will stop the negative scenario suggested for today and lead the price to turn to rise, while the price needs to trade below 1.3600 again to reinforce the chances of resuming the bearish trend that its first target located at 1.3530.
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