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Midday update for Crude oil 18-12-2019
Crude oil price approaches testing the intraday bullish channel’s support line, accompanied by stochastic getting rid of the positive momentum and reaching the thresholds of the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, which its targets extend to 62.30 after surpassing the 60.90 level, reminding you that it is important to hold above 59.95 to continue the expected rise.
The expected trading range for today is between 59.05 support and 62.00 resistance.
The expected trend for today: Bullish
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Midday update for the GBPUSD 18-12-2019
The GBPUSD pair retests the broken support of the bullish channel and still below it, to keep the correctional bearish pressure suggested for today, which depends on the price stability below 1.3150, reminding you that our next main target reaches 1.2920.
MoreMidday update for the EURUSD 18-12-2019
The EURUSD pair tested the intraday bullish channel’s support line and keeps its stability above it until now, accompanied by stochastic reach to the oversold areas, while the EMA50 meets the mentioned support to protect trading inside the bullish channel.
MoreCopper price fluctuates within the bullish range – Analysis – 18-12-2019
Copper price didn’t record any new positive level until this morning, affected by the contradiction between the main indicators, therefore, we should note that the stability of the support level at 2.7000 is important to confirm the continuation of the positivity, which requires surpassing 2.8380 level, to open the way towards 2.9200 in the upcoming period.
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