Midday update for Crude oil 11-05-2021

Silver price shows calm positive trades that hint heading to resume the bullish trend, to keep the positive scenario active for the rest of the day, motivated by the positive overlapping signal provided by stochastic, waiting to visit 28.25 followed by 29.00 levels as next main stations, reminding you that it is important to hold above 26.60 to continue the expected rise.

Gold price continues to fluctuate around 1838.00 level, waiting to surpass this level followed by surpassing 1850.00 to confirm the continuation of the main bullish trend, reminding you that our next target reaches 1865.00.

The GBPUSD pair keeps its stability above the main bullish channel’s support line, while stochastic attempts to get rid of its negative momentum, thus, the bullish trend scenario will remain active for the upcoming period, which its next main target located at 1.4238, while achieving it requires holding above 1.4090.