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Midday update for Crude oil 20-05-2020
Crude oil price breached initial breach to the bullish pennant’s resistance that appears on the chart, which supports the expectations of continuing the main bullish trend, opening the way to head towards our next target at 36.50.
Therefore, we will keep our bullish overview for today unless we witnessed strong break and holding below 31.35.
The expected trading range for today is between 30.50 support and 34.00 resistance.
The expected trend for today: Bullish
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Midday update for Silver 20-05-2020
Silver price keeps its stability above 17.11 level, which keeps our positive overview valid for today, organized inside the bullish channel that appears on the chart, supported by the EMA50, reminding you that we are waiting to rally towards 18.45 followed by 18.93 levels as main positive stations.
MoreMidday update for Gold 20-05-2020
Gold price crawls upwards calmly to move at 1750.00, to keep the bullish trend scenario valid and active for today, supported by the EMA50 that keeps carrying the price from below, waiting to visit 1805.00 as a next main station.
MoreMidday update for the GBPUSD 20-05-2020
The GBPUSD pair shows negative trades to move away from 1.2304, reinforcing the expectations of continuing the bearish trend for the rest of the day, supported by stochastic negativity, reminding you that our first target is located at 1.2093, while holding below 1.2304 represents key condition to continue the suggested decline.
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