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Midday update for Crude oil 13-09-2019
Crude oil price returns to press on 54.60 level, reinforcing the expectations for the bearish trend continuation in the upcoming period, and the price needs to confirm breaking this level, followed by breaking 53.90 to confirm the rally towards 51.80 that represents our next main target.
Therefore, we keep preferring the bearish trend for today supported by the EMA50, being aware that breaching 55.55 might push the price to test 57.40 levels before any new attempt to decline.
The expected trading range for today is between 53.00 support and 56.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 13-09-2019
Silver price shows positive trading in attempt to move away from the main bullish channel’s support, and gets positive motive from stochastic, to support the expectations for the bullish trend continuation in the upcoming sessions, and its main initial target at 18.60, while holding above 17.90 represents an important condition for achieving it.
MoreMidday update for Gold 13-09-2019
Gold price begins providing positive trading now, supported by the positive signals that come from stochastic, waiting for more of the upside moves in the upcoming sessions, and its tragets begin by confirming braeching 1508.00 to reinforce the expectations of the rally towards 1555.00 that represents our next main target, reminding you that holding above 1485.00 is important for the continuation of the expected rise.
MoreMidday update for the GBPUSD 13-09-2019
The GBPUSD pair rallies upwards strongly to breach 1.2400 level and attempts to hold above it, to hint the price head to activate the positive scenario in the upcoming sessions, noting that the bullish bias will be suggested for the rest of the day conditioned by the price stability above 1.2400, waiting to visit 1.2520 mainly.
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