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Midday update for Crude oil 06-10-2021
Crude oil price tested the bullish channel’s resistance and bounced downwards strongly from there, to keep the bearish trend scenario valid and active for the rest of the day, supported by stochastic negativity, to approach our first waited negative target at 77.85, and we expect break this level to head towards 76.65 as a next negative station, reminding you that the continuation of the bearish wave requires holding below 79.60.
The expected trading range for today is between 77.00 support and 80.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 06-10-2021
Silver price trades negatively to press on 22.30 level, to support the expectations of continuing the bearish trend in the upcoming sessions, waiting for more decline to visit 21.65 level that represents our next main target, reminding you that the continuation of the bearish wave depends on the price stability below 22.90.
MoreMidday update for Gold 06-10-2021
Gold price managed to break 1755.00 level and settles below the bearish channel’s resistance again, which supports the continuation of our bearish overview efficiently for the rest of the day, and the way is open to head towards our first main target at 1735.00, reminding you that it is important to hold below 1770.00 to continue the expected decline.
MoreMidday update for the GBPUSD 06-10-2021
The GBPUSD pair faced strong negative pressure to break 1.3600 level and settles inside the bearish channel again, to hint heading to return to the bearish track, but we prefer to stay aside until we get clearer signal for the next trend, which we will get through breaking 1.3530 support or breaching 1.3600 resistance.
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