|
Midday update for Crude oil 12-05-2021
Crude oil price attempts to breach 65.60 level now, which supports the continuation of our bullish overview, getting good support by the EMA50, waiting to visit 67.95 as a next main target, reminding you that it is important to hold above 64.35 and 63.65 levels to continue the suggested rise.
The expected trading range for today is between 64.35 support and 67.00 resistance.
The expected trend for today: Bullish
Thanks for your feedback.
Midday update for Silver 12-05-2021
Silver price shows sideways trading since morning, affected by stochastic negativity, waiting to get positive momentum that assists to push the price to resume the expected bullish trend for the upcoming period, which its next targets located at 28.25 followed by 29.00, while achieving them requires holding above 26.60.
MoreMidday update for Gold 12-05-2021
Gold price shows new decline to test 1825.00 level and keeps its stability above it until now, getting continuous positive support by the EMA50, to keep our bullish overview that depends on the price stability above the mentioned level, noting that the waited targets begin by surpassing 1838.00 to confirm rallying towards 1855.00 followed by 1865.00 levels.
MoreMidday update for the GBPUSD 12-05-2021
The tight range keeps dominating the GBPUSD pair’s trades, thus, no change to the bullish trend scenario that depends on the price stability above 1.4100, while its next main target reaches 1.4238.
More