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Midday update for Crude oil 11-01-2021
Crude oil price continues to fluctuate around 51.70 level and keeps its stability above it, to keep the bullish trend scenario valid for today, which depends on the price stability above the mentioned level and above 51.40, supported by the EMA50 that keeps carrying the bullish wave, reminding you that our next main target extends to 54.62.
The expected trading range for today is between 50.60 support and 53.30 resistance.
The expected trend for today: Bullish
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Midday update for Silver 11-01-2021
Silver price trades positively to approach testing the key resistance 25.50, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend active for the upcoming period, which targets 22.87 level as a next negative target, noting that breaching the mentioned resistance will push the price to regain the main bullish trend again.
MoreMidday update for Gold 11-01-2021
Gold price shows positive trades to breach 1838.10 and attempts to hold above it, which urges caution from the upcoming trading, as holding with a daily close above this level will stop the morning suggested negative scenario and leads the price to achieve intraday gains that start at 1882.00 followed by 1918.00.
MoreMidday update for the GBPUSD 11-01-2021
The GBPUSD pair shows new bearish bias to approach gradually from our first waited negative target at 1.3430, and the negative effect of the triple top pattern still active, which supports the chances of continuing the decline towards the second target at 1.3380, to continue suggesting the bearish trend in the upcoming sessions unless the price rallied to breach 1.3550 and hold above it.
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