Midday update for Crude oil 08-12-2023
Crude oil price traded with additional positivity to attack 70.50 level but it returned to trade below it again, to keep the bearish trend scenario active for today, which targets 67.04 areas mainly, taking into consideration that confirming breaching 70.50 will stop the expected decline and push the price to visit 72.40 followed by 73.73 levels as next main stations.
The expected trading range for today is between 69.00 support and 71.50 resistance.
The expected trend for today: Bearish
Midday update for Silver 08-12-2023
Silver price fluctuates at the key support 23.70, and as long as the price is above this level, our bullish overview will remain valid for today, which its next main target located at 24.60, reminding you that breaking 23.70 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 23.60 support and 24.50 resistance.
The expected trend for today: Bullish
Midday update for Gold 08-12-2023
Gold price didn’t show any strong move since morning, to keep the bullish trend scenario valid as it is without any change, waiting to get positive motive that assist to push the price to achieve the main expected target at 2075.25, noting that breaking 2016.00 will put the price under negative pressure and start bearish correction on the intraday basis.
The expected trading range for today is between 2015.00 support and 2050.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 08-12-2023
The GBPUSD pair resumes its negative trading after testing 1.2590 level in the previous sessions, motivated by stochastic negativity that appears clearly now, noting that we are waiting to visit 1.2460 as a next main station.
The EMA50 supports the suggested bearish wave, which will remain valid unless breaching 1.2590 and holding above it.
The expected trading range for today is between 1.2490 support and 1.2670 resistance.
The expected trend for today: Bearish