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Midday update for Crude oil 18-07-2018
Crude oil price keeps its stability below 68.06 level, to keep the negative pressure valid for today, supported by the negative overlapping signal provided by stochastic now, waiting to target 65.90 level as a next main station, while holding below 68.06 represents the first condition to continue the expected decline, as breaching it will push the price to test 69.44 areas before any new attempt to decline.
Expected trading range for today is between 65.90 support and 69.44 resistance.
Expected trend for today: Bearish
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Midday update for Silver 18-07-2018
Silver price resumes its negative trading to break 15.49 level and moves below it now, which supports the continuation of our bearish overview efficiently for the rest of the day, as our next targets are located at 15.15 followed by 14.77, reminding you that holding below 15.80 represents key condition to achieve the suggested targets.
MoreMidday update for Gold 18-07-2018
Gold price shows more decline to press on the bearish channel’s support line that appears on the chart, which supports the continuation of the bearish trend on the intraday and short term basis, which its next main target located at 1204.80, noting that the expected decline depends on holding below 1243.00.
MoreMidday update for GBPUSD 18-07-2018
The GBPUSD pair keeps declining to reach the psychological barrier 1.3000, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that our next main target is located at 1.2962, as the price falls under negative pressure coming by the EMA50, reminding you that the continuation of the expected decline depends on holding below 1.3226.
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