Midday update for Crude oil 16-10-2019
Crude oil price shows slight negative trading now in attemot to head to resume the expected bearish trend for today, and its main initial target at 51.80, pointing that stochastic provides negative signal that supports the expectations for moving lower, while holding below 54.60 represnts an important condition for achieving the waited targets.
The expected trading range for today is between 51.00 support and 54.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 16-10-2019
Silver price resumes its negative trading as a signal to continue the expected decline for today, to keep preferring the bearish trend in the upcoming sessios, targeting 16.96 level mainly, pointing that the EMA50 supports the suggested bearish wave, conditioned by holding below 17.60 and 17.80 level.
The expected trading range for today is between 17.20 support and 17.60 resistance.
The expected trend for today: Bearish
Midday update for Gold 16-10-2019
Gold price tets the critical resistance at 1485.00 and remains below it until now, which keeps the bearish trend scenario active for today, which organzed within the bearish channel that appears in the above chart, pointing that stochastic positivity explains the reasons of the current rise, while we wait for a bearish rebound to target 1447.00 that represents our main initial target, and achieving it requires holding below 1485.00.
The expected trading range for today is between 1465.00 support and 1500.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 16-10-2019
The GBPUSD pair trades with a clear negativity to test the critical support at 1.2670, which requires being aware from the upcoming trading, where the continuation of the negative pressure will push the price to achieve more of the downside moves on the intraday basis and visit 1.2500 level before any new attempt to rise, while we wait for a bullish rebound to resume the bullish trend that conditioned by holding above the mentioned support, while its next main target at 1.2837.
The expected trading range for today is between 1.2670 support and 1.2850 resistance.
The expected trend for today: Bullish