Midday update for Crude oil 18-02-2020
Crude oil price begins the process of breaking 51.80 level to move below it now, which supports the continuation of the bearish trend scenario efficiently in the upcoming sessions, paving the way to achieve our negative targets that start at 50.00, noting that trading above 51.80 again might stop the decline and leads the price to start new recovery attempts on the intraday basis.
The expected trading range for today is between 50.00 support and 53.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 18-02-2020
Silver price shows weak trades since morning, keeping its stability above the breached resistance of the bearish channel, to keep the bullish trend scenario active for today, which depends on the price stability above 17.60, reminding you that our next main target is located at 18.38.
The expected trading range for today is between 17.70 support and 18.10 resistance.
The expected trend for today: Bullish
Midday update for Gold 18-02-2020
Gold price shows more bullish bias that supports the expectations of continuing the rise in the upcoming sessions, to keep our positive overview that targets 1611.20 level as a next main station, noting that the EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 1575.90.
The expected trading range for today is between 1575.00 support and 1605.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 18-02-2020
The GBPUSD pair did not show any strong move since morning, to continue fluctuating around the EMA50 and begins attempts to rise now, which keeps our bullish overview as it is without any change for today, which targets 1.3150 level as a first station, while achieving it requires holding above 1.2990.
The expected trading range for today is between 1.2920 support and 1.3090 resistance.
The expected trend for today: Bullish