Midday update for Crude oil 06-07-2022
Crude oil price tested 98.95 level and keeps its stability below it, to keep the bearish trend scenario active for today, waiting to get negative motive that assist to push the price to decline towards 95.00 followed by 92.80 levels, reminding you that the continuation of the bearish wave depends on the price stability below 98.95.
The expected trading range for today is between 92.80 support and 100.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 06-07-2022
Silver price shows some bullish bias now, affected by stochastic positivity, but as long as the price is below 19.60, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our next main target is located at 18.60.
The expected trading range for today is between 18.70 support and 19.40 resistance.
The expected trend for today: Bearish
Midday update for Gold 06-07-2022
Gold price hovers around 1765.00 level since morning, waiting to resume the negative trades that target 1750.00 as a next main station, noting that stochastic positivity interprets the reasons of the current sideways fluctuation, while the continuation of the bearish wave depends on the price stability below 1780.25.
The expected trading range for today is between 1750.00 support and 1785.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 06-07-2022
The GBPUSD pair tested 1.1980 level and keeps its stability below it, to keep the bearish trend scenario active for today, supported by the EMA50 that presses negatively on the price, waiting to get negative motive that assist to push the price to head towards our next target that reaches 1.1860.
The expected trading range for today is between 1.1880 support and 1.2040 resistance.
The expected trend for today: Bearish