Midday update for Crude oil 20-09-2019
Crude oil price shows sideways and tight trades since morning, settling around 58.50, thus, no change to our bearish overview that depends on the price stability below 59.00, reminding you that we need to break 57.42 level to confirm rallying towards 54.60 as a next main station.
The expected trading range for today is between 56.50 support and 60.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 20-09-2019
Silver price provides new positive trading but it hits the EMA50 that forms good resistance against the price, while stochastic reaches the overbought areas, which supports the chances of bouncing bearishly to resume the expected bearish trend for today, which depends on the price stability below 18.40, while our next main target is located at 16.95.
The expected trading range for today is between 17.50 support and 18.05 resistance.
The expected trend for today: Bearish
Midday update for Gold 20-09-2019
Gold price attempts to breach 1505.00 level but without managing to confirm the breach, to keep our neutrality valid until the price confirms breaching the mentioned level or breaking 1485.00 support to detect the next targets clearly.
To review the details of the targets after the breach, please check our morning report.
The expected trading range for today is between 1485.00 support and 1520.00 resistance.
The expected trend for today: Neutral
Midday update for the GBPUSD 20-09-2019
The GBPUSD pair approached 1.2600 barrier and bounced bearishly to test the bullish channel’s support line again, and as long as the price is above 1.2520, our bullish overview will remain valid for the upcoming period, supported by the EMA50, reminding you that we are waiting to rally towards 1.2670 as a next main station.
The expected trading range for today is between 1.2480 support and 1.2650 resistance.
The expected trend for today: Bullish