Midday update for Crude oil 15-03-2023
Crude oil price shows new negative trades in attempt to resume the expected bearish trend for today, to keep the negative scenario that its targets begin at 70.30 and extend to 68.50 after breaking the previous level.
The EMA50 continues to support the expected bearish wave, reminding you that holding below 73.60 represents the first condition to continue the suggested decline.
The expected trading range for today is between 69.50 support and 71.50 resistance.
The expected trend for today: Bearish
Midday update for Silver 15-03-2023
Silver price showed some slight bearish bias, affected by stochastic negativity, but as long as the price is above 21.40, our bullish overview will remain valid for today, and the targets begin at 22.13.
We remind you that breaching the targeted level will extend the bullish wave to reach 23.05, while breaking 21.40 will put the price under new negative pressure that its next target reaches 20.46.
The expected trading range for today is between 21.50 support and 22.30 resistance.
The expected trend for today: Bullish
Midday update for Gold 15-03-2023
Gold price faced temporary strong negative pressure to settle inside the bullish pennant’s pattern again, accompanied by witnessing new positive signals by stochastic, waiting to motivate the price to resume the expected bullish trend for today, which its next target located at 1928.60.
Therefore, we will keep our bullish overview conditioned by the price stability above 1878.80, as continuing the decline and breaking this level will open the way to suffer additional losses that reach 1828.70 areas.
The expected trading range for today is between 1890.00 support and 1928.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 15-03-2023
The GBPUSD pair faces negative pressure now to test the key support 1.2070, and as we mentioned this morning, the price needs to hold above this level to keep the expected bullish trend active for today, waiting to get positive motive that assists to push the price to head towards 1.2260 that represents our next main target.
Note that the continuation of the decline and breaking 1.2060 will push the price to suffer additional losses that reach 1.1940 before any new attempt to rise.
The expected trading range for today is between 1.2000 support and 1.2160 resistance.
The expected trend for today: Bullish