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Midday update for Crude oil 12-09-2023
Crude oil price shows more bullish bias to test 88.18 level now, which urges caution from the upcoming trading, as the price needs to consolidates below this level to keep the bearish trend scenario active, which its first main target located at 85.75.
Note that breaching 88.18 will push the price to regain the main bullish trend and head to achieve new gains that start at 90.00.
The expected trading range for today is between 86.00 support and 88.80 resistance.
The expected trend for today: Bearish
Midday update for Silver 12-09-2023
Silver price continues to fluctuate near 23.00 level, and as long as the price is above this level, our bullish overview will remain valid, waiting to get positive motive that assist to push the price to resume the positive trading that its targets start by surpassing 23.20 to open the way to head towards 23.70.
MoreMidday update for Gold 12-09-2023
Gold price fluctuates around the intraday bullish trend line at 1919.80, which represents the first protection factor to the continuation of the expected bullish trend for today, which its targets begin by surpassing 1929.00 to confirm rallying towards 1945.20 as a next main station.
MoreMidday update for the GBPUSD 12-09-2023
The GBPUSD pair bounced downwards strongly to break 1.2505 level and settles below it, to fall under expected negative pressure in the upcoming sessions, but we prefer to stay aside until the price confirms its situation to the mentioned level followed by detecting its next destination clearly, as stochastic provides positive signals that might push the price to recover again.
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