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Midday update for Crude oil 18-08-2023
Crude oil price rebounds bearishly after testing 80.65 in the previous sessions, motivated by the negative signal provided by stochastic now, waiting for more decline to achieve the expected correctional target at 78.05.
Therefore, the bearish trend scenario will remain active for today, noting that breaking 79.45 will ease the mission of achieving the suggested target, while holding below 80.65 represents major condition to the continuation of the bearish decline.
The expected trading range for today is between 78.50 support and 81.60 resistance.
The expected trend for today: Bearish
Midday update for Silver 18-08-2023
Silver price resumes its negative trading after the rise that it witnessed in the previous sessions, to support the continuation of the expected bearish trend for today, which targets 22.25 as a first main station.
MoreMidday update for Gold 18-08-2023
Gold price shows some bearish bias now that hints heading to resume the expected bearish trend for today, reminding you that our waited target is located at 1873.50.
MoreMidday update for the GBPUSD 18-08-2023
The GBPUSD pair returns to decline to break 1.2725 and close the last four hours’ candlestick below it, as it returns to the bearish channel that appears on the chart, waiting for more decline to visit 1.2625 as a first main target.
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