Midday update for Crude oil 15-08-2022
Crude oil price continues to decline to approach our first waited target at 89.60, to keep the bearish trend scenario active for today, and we suggest the continuation of the bearish bias to visit 87.40 as a next negative station, taking into consideration that breaching 91.45 will stop the expected decline and lead the price to start new recovery attempts.
The expected trading range for today is between 88.00 support and 92.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 15-08-2022
Silver price is affected by stochastic negativity to show some slight bearish bias, while the positive scenario still active as long as 20.00 level remains intact, supported by the EMA50, waiting to get positive motive that assist to push the price to resume the bullish wave that its first main target located at 21.20.
The expected trading range for today is between 20.30 support and 21.00 resistance.
The expected trend for today: Bullish
Midday update for Gold 15-08-2022
Gold price shows bearish bias to head towards potential to the key support 1779.25, and as long as the price is above this level, our bullish overview will remain valid and active for today, supported by the EMA50 that carries the price from below, reminding you that our targets begin by breaching 1802.80 to confirm extending the bullish wave towards 1831.95.
The expected trading range for today is between 1780.00 support and 1815.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 15-08-2022
The GBPUSD pair presses negatively on the bullish channel’s support line and approaches the key support 1.2077, which urges caution from the upcoming trading, as the continuation of the bearish bias and breaking this level will stop the recently suggested positive scenario and lead the price to achieve more decline, while the price needs to step above 1.2100 to reinforce the expectations of resuming the bullish trend that its next target located at 1.2250.
The expected trading range for today is between 1.2050 support and 1.2210 resistance.
The expected trend for today: Bullish