Midday update for Crude oil 16-03-2023
Crude oil price settles below 68.00, and didn’t show any strong move since morning, waiting to get negative motive that assists to push the price to resume the expected bearish trend for today, which its next target located at 65.70.
Therefore, our bearish overview will remain valid and active, supported by the negative pressure formed by the EMA50, reminding you that it is important to hold below 69.25 to continue the expected decline.
The expected trading range for today is between 65.70 support and 69.50 resistance.
The expected trend for today: Bearish
Midday update for Silver 16-03-2023
Silver price shows some bullish bias to crawl towards 22.13 level, waiting to breach this level to open the way to rally towards 23.05 as a next main station.
Stochastic shows positive signals that support the continuation of the expected bullish trend, besides the EMA50 that carries the price from below, to keep our positive overview for today unless breaking 21.40 and holding below it.
The expected trading range for today is between 21.40 support and 22.30 resistance.
The expected trend for today: Bullish
Midday update for Gold 16-03-2023
Gold price resumes its positive trading to approach 1928.60 level, waiting to breach this level to confirm extending the bullish wave towards our next target that reaches 1960.00.
Holding above 1905.00 is important to continue the expected rise, as breaking it will press on the price to face intraday negative pressure that targets visiting 1878.80 before any new positive attempt.
The expected trading range for today is between 1895.00 support and 1935.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 16-03-2023
The GBPUSD pair provided positive trades in attempt to resume the bullish wave, but it returns to fluctuate around the EMA50, waiting to activate the positive effect of stochastic to rise towards our first target at 1.2260.
Therefore, the bullish trend scenario will remain active for today, and it needs to breach 1.2145 to reinforce the positive overview, reminding you that it is important to hold above 1.2060 to achieve the waited targets.
The expected trading range for today is between 1.2000 support and 1.2160 resistance.
The expected trend for today: Bullish