Midday update for Crude oil 12-09-2019
Crude oil price resumes its negative trading to move away from the EAM50, reinforcing the expectations of the bearish trend continuation for the rest of the day, and its next main target at
54.47, pointing that breaking this level will extend the bearish wave to reach 51.61 on the near term basis, while the expected decline will remain valid unless breaching 57.33 and holding above it.
The expected trading range for today is between 54.00 support and 58.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 12-09-2019
Silver price returns to test the critical resistance at 18.30, as long as the price is belwo this level, so our bearish trend expectations will remain valid , supported by the EMA50, waitig for visiting 17.60 level that represents our next main target, being aware that breaching 18.30 will push the price to turn to the upside and achieve gains that reach to 18.60 then 19.00.
The expected trading range for today is between 17.80 support and 18.30 resistance.
The expected trend for today: Bearish
Midday update for Gold 12-09-2019
Gold price rallies to the upside clearly to breach 1498.00 level and attempts to settle above it, providing signals for heading towrdas beginning recovery attempts on the intraday basis, we prefer staying aside temporarily until the price confirm its attitude from the mentioned level, pointing that confirming the breach will lead the price to achieve gains that begin at 1520.00 then 1550.00, while the trading below it again will reacenario that its next target at 1480.00
The expected trading range for today is between 1477.00 support and 1500.00 resistance.
The expected trend for today: Neutral
Midday update for the GBPUSD 12-09-2019
The GBPUSD pair keeps fluctuating near 1.2326 level, and the price remains confined between the mentioned support and 1.2400 resistance, therefore, we keep our neutrality until the price confirm breaching one of these levels.
To recognize the details of the expected targets from the breach, please review our morning report.
The expected trading range for today is between 1.2250 support and 1.2410 resistance.
The expected trend for today: Depends on the above mentioned levels