Midday update for Crude oil 12-08-2022
Crude oil price shows sideways and tight trades since morning, and still stuck between the trend confirmation levels represented by 91.45 support and 94.50 resistance, to continue with our neutrality until breaching one of these levels to detect the next targets clearly.
To review the details of the expected targets after the breach, please check our morning report.
The expected trading range for today is between 91.50 support and 95.00 resistance.
The expected trend for today: Depends on the above mentioned levels
Midday update for Silver 12-08-2022
Silver price crawls upwards slightly, and stochastic begins to overlap positively, waiting to motivate the price to provide more bullish bias to visit 21.30 level that represents our next main target, to keep our bullish overview unless breaking 20.00 and holding below it.
The expected trading range for today is between 20.10 support and 20.90 resistance.
The expected trend for today: Bullish
Midday update for Gold 12-08-2022
Gold price didn’t show any strong move since morning, and as long as the price is above 1779.25, our bullish overview will remain active for today, supported by the EMA50, reminding you that our waited targets begin at 1802.80 and extend to 1831.95 after breaching the previous level.
The expected trading range for today is between 1775.00 support and 1810.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 12-08-2022
The GBPUSD pair presses on 1.2175 level now, which represents the neckline of the double top pattern that appears on the chart, reminding you that breaking this level will press on the price to achieve additional decline that targets 1.2100 before resuming the main bullish wave.
Until now, we will continue to suggest the bullish trend that targets 1.2245 mainly conditioned by the price stability above 1.2100 – 1.2077 levels.
The expected trading range for today is between 1.2100 support and 1.2280 resistance.
The expected trend for today: Overall bullish