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Midday update for Crude oil 17-08-2021
Crude oil price resumes its negative trading to move away from 67.45 level, reinforcing the expectations of continuing the bearish trend, and the way is open to achieve our next waited target at 65.20, noting that breaking it will extend the bearish wave to reach 61.55, while achieving it requires holding below 67.45 and the most important below 68.40.
The expected trading range for today is between 65.20 support and 68.40 resistance.
The expected trend for today: Bearish
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Midday update for Silver 17-08-2021
Silver price keeps its stability above 23.75, to keep the bullish trend active for today, waiting to breach 23.90 to reinforce the chances of rallying towards our waited positive target at 24.75, which achieving it conditions holding above 23.75.
MoreMidday update for Gold 17-08-2021
Gold price continues to rise to reach the first waited target at 1797.00, and we expect to surpass this level to open the way to rally towards 1825.15 as a next positive target, to keep the bullish trend valid for the rest of the day unless we witnessed clear break to 1770.00 and hold with a daily close below it.
MoreMidday update for the GBPUSD 17-08-2021
The GBPUSD pair shows more bearish bias to test 1.3800 barrier, reinforcing the expectations of continuing the bearish trend, which its targets begin at 1.3760 and extend to 1.3680 after breaking the previous level, noting that the continuation of the bearish wave depends on the price stability below 1.3875.
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