Midday update for Crude oil 12-01-2022
Crude oil price resumes its positive trading to attempt to breach 81.75, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, reminding you that our extended targets reach 84.00 followed by 85.40, while achieving them requires holding above 79.80.
The expected trading range for today is between 80.00 support and 83.00 resistance.
The expected trend for today: Bullish
Midday update for Silver 12-01-2022
Silver price tested 22.60 level and rebounds bullishly from there, to keep the bullish trend scenario valid and active for today, which depends on the price stability above the mentioned level, supported by the moving above the EMA50, reminding you that our main waited target is located at 23.15.
The expected trading range for today is between 22.50 support and 23.15 resistance.
The expected trend for today: Bullish
Midday update for Gold 12-01-2022
Gold price settles around 1820.00 level, waiting to get enough positive momentum to push the price to resume the expected bullish trend for the upcoming period, and the price needs to surpass 1825.15 to confirm extending the bullish wave towards 1860.00, reminding you that the continuation of the bullish wave requires holding above 1797.00.
The expected trading range for today is between 1805.00 support and 1835.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 12-01-2022
The GBPUSD pair is affected by stochastic negativity, to provide slight negative trades now, which might push the price to test the bullish channel’s support line before turning back to rise again.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 1.3565 and holding below it, reminding you that our targets begin by surpassing 1.3660 to confirm rallying towards 1.3775.
The expected trading range for today is between 1.3565 support and 1.3740 resistance.
The expected trend for today: Bullish