Crude oil price resumes its negative trading to start pressing on 87.40 level, rienforcing the expectations of continuing the bearish trend for the rest of the day, reminding you that our next target is located at 85.90, noting that the EMA50 keeps supporting the suggested bearish wave, which will remain valid unless breaching 90.55 and holding above it.
The expected trading range for today is between 85.90 support and 90.00 resistance.
The expected trend for today: Bearish
Silver price trades with clear positivity to surpass 20.00 barrier, waiting for more rise to breach 20.50 and rally towards our next target at 21.00, to keep the bullish trend scenario active for today, supported by the EMA50, reminding you that hold above 19.60 is important to continue the expected rise.
The expected trading range for today is between 19.60 support and 20.50 resistance.
The expected trend for today: Bullish
Gold price resumes its positive trading and attempts to surpass the minor resistance 1779.25, reinforcing the expectations of continuing the bullish trend, which targets 1802.80 as a first positive station, noting that the EMA50 and stochastic continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1755.70.
The expected trading range for today is between 1760.00 support and 1795.00 resistance.
The expected trend for today: Bullish
The GBPUSD pair shows positive trades in attempt to move away from 1.2045, and the price needs to surpass the EMA50 that forms good resistance at 1.2120 to reinforce the expectations of continuing the bullish trend, which its next target located at 1.2210, reminding you that the continuation of the bullish wave depends on the price stability above 1.2045.
The expected trading range for today is between 1.2000 support and 1.2170 resistance.
The expected trend for today: Bullish