Midday update for Crude oil 08-10-2021
Crude oil price shows sideways trades around 79.50, affected by stochastic negativity that stops the bullish rally, waiting to get positive momentum to assist to push the price to resume the main bullish trend.
In general, we will continue to suggest the bullish trend for today as long as 78.35 level remains intact, reminding you that our next main target is located at 80.35.
The expected trading range for today is between 78.00 support and 81.00 resistance.
The expected trend for today: Bullish
Midday update for Silver 08-10-2021
Silver price didn’t show any strong move since morning, fluctuating around the EMA50, waiting to resume the bearish wave that depends on the price stability below 22.90, while its next main target located at 21.65.
The expected trading range for today is between 22.00 support and 22.70 resistance.
The expected trend for today: Bearish
Midday update for Gold 08-10-2021
Gold price continues to fluctuate around the EMA50, and as long as the price is below 1770.00, our bearish overview will remain valid for today, organized inside the bearish channel, reminding you that we are waiting to visit 1735.00 initially, which breaking it represents the key to rally towards 1692.00 as a next main target.
The expected trading range for today is between 1735.00 support and 1770.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 08-10-2021
The GBPUSD pair faces negative pressure now to attack 1.3600 level, which urges caution from the upcoming trading, as breaking this level followed by breaking 1.3555 will stop the suggested positive scenario and put the price under the negative pressure again, while the price needs to step above 1.3600 to regain the bullish trend that targets 1.3660 followed by 1.3720 as next main stations.
The expected trading range for today is between 1.3555 support and 1.3710 resistance.
The expected trend for today: Bullish