Midday update for Crude oil 20-01-2022
Crude oil price keeps its consolidation above 85.40, getting positive overlapping signal through stochastic, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, supported by the EMA50, waiting to visit 86.50 followed by 88.00 as next main stations, while holding above 85.40 represents key condition to achieve these targets.
The expected trading range for today is between 84.50 support and 87.30 resistance.
The expected trend for today: Bullish
Midday update for Silver 20-01-2022
Silver price attempts to breach 24.20 level now, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our next station reaches 25.05, while breaking 24.00 represents negative factor that might force the price to decline on the intraday basis to visit 23.40 areas initially before any new positive attempt.
The expected trading range for today is between 23.80 support and 24.50 resistance.
The expected trend for today: Bullish
Midday update for Gold 20-01-2022
Gold price faces solid barrier at the intraday bullish channel’s resistance that appears on the chart, which might force the price to provide temporary negative trades before resuming the expected bullish trend for today, which depends on the price stability above 1825.15, while its next main target located at 1860.00.
The expected trading range for today is between 1825.00 support and 1860.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 20-01-2022
The GBPUSD pair didn’t show any strong move since morning, to continue fluctuating around the EMA50, waiting to break 1.3610 to confirm resuming the correctional bearish trend, which its next target located at 1.3530, while consolidating above 1.3610 will push the price to rise again and visit 1.3700 initially.
The expected trading range for today is between 1.3530 support and 1.3675 resistance.
The expected trend for today: Bearish