Midday update for Crude oil 09-08-2022
Crude oil price resumes its negative trades to move away from the bearish channel’s resistance, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, supported by the negative pressure formed by the EMA50, reminding you that our next main target is located at 85.90, while the continuation of the expected decline depends on the price stability above 90.65.
The expected trading range for today is between 87.00 support and 91.50 resistance.
The expected trend for today: Bearish
Midday update for Silver 09-08-2022
Silver price settles above 20.50 level, to keep the bullish trend scenario active, supported by the EMA50, waiting to get positive momentum that assists to push the price to achieve our next target at 21.00, reminding you that the continuation of the bullish wave requires holding above 20.50 as a first condition.
The expected trading range for today is between 20.40 support and 21.20 resistance.
The expected trend for today: Bullish
Midday update for Gold 09-08-2022
Gold price shows new positive trades to move away from 1779.25 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting to test 1802.80 initially, reminding you that breaching it will push the price to 1831.95 as a next target, while the expected rise will remain valid conditioned by the price stability above 1779.25 and the most important above 1755.70.
The expected trading range for today is between 1770.00 support and 1805.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 09-08-2022
The GBPUSD pair resumes its positive trades to start the attempts to breach the EMA50, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, reminding you that our next target is located at 1.2210, while achieving it requires holding above 1.2045.
The expected trading range for today is between 1.2020 support and 1.2170 resistance.
The expected trend for today: Bullish