Midday update for Crude oil 13-05-2022
Crude oil price shows some bearish bias to approach testing the key support base 104.60, and as long as the price is above this level, our bullish overview will remain valid for today, which targets 109.15 level mainly, noting that breaking the mentioned support will press on the price to achieve some bearish correction before attempting to rise again.
The expected trading range for today is between 104.00 support and 109.15 resistance.
The expected trend for today: Bullish
Midday update for Silver 13-05-2022
Silver price fluctuates at 20.75 level and attempts to press negatively on it, to continue suggesting the bearish trend for the upcoming period, noting that our next main target is located at 20.20, while breaching 21.00 represents the key to start correctional bullish wave on the intraday basis before turning back to decline again.
The expected trading range for today is between 20.30 support and 21.10 resistance.
The expected trend for today: Bearish
Midday update for Gold 13-05-2022
Gold price shows negative trades to head towards resuming the expected bearish trend for today, to keep the bearish trend scenario active as long as 1850.00 level remains intact, supported by the negative pressure formed by the EMA50, reminding you that we are waiting to visit 1780.25 as a next main target.
The expected trading range for today is between 1800.00 support and 1840.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 13-05-2022
The GBPUSD pair shows sideways and tight trades since morning, and stochastic continues to lose the positive momentum gradually, thus, no change to the bearish trend scenario that depends on the price stability below 1.2350, reminding you that our next main target extends to 1.2080.
The expected trading range for today is between 1.2130 support and 1.2290 resistance.
The expected trend for today: Bearish