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Midday update for Crude oil 19-10-2017
Crude oil price traded with clear negativity to test the key support 51.12 and keeps its stability above it until now, accompanied by stochastic reach to the oversold areas' thresholds, while the EMA50 keeps supporting the price from below.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 51.12 level and holding with a daily close below it, reminding you that our main targets begin at 52.84 and extend to 55.27.
Expected trading range for today is between 51.00 support and 54.00 resistance.
Expected trend for today: Bullish
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Midday update for Silver 19-10-2017
Silver price resumes its positive attempts calmly to move around 17.00 level, motivated by stochastic positivity that appears on the daily time frame, waiting for more rise for the rest of the day, which targets 17.43 level initially, reminding you that breaching this level will push the price towards 18.30 direct, while the bullish trend will remain valid unless breaking 16.56 level and holding below it.
MoreMidday update for Gold 19-10-2017
Gold price shows sideways trading to move above 1281.17 level now, which hints the attempt to regain the main bullish track, but will keep the morning suggested negative scenario unless we witnessed daily close above 1281.17.
MoreMidday update for GBPUSD 19-10-2017
The GBPUSD pair returns to push negatively on the bullish channel's support, which urges caution from the upcoming trading, as continuing the negative pressure and attacking 1.3096 level will force the price to turn its short term track to decline.
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