Midday update for Crude oil 20-10-2021
Crude oil price shows calm bearish bias to gradually approach our first waited target at 81.75, waiting to break this level to confirm the activation of the negative pattern that targets 80.45 as a next negative station, to keep our bearish overview for the rest of the day unless the price rallied to breach 83.85 and hold above it.
The expected trading range for today is between 81.00 support and 83.60 resistance.
The expected trend for today: Bearish
Midday update for Silver 20-10-2021
Silver price resumes its positive trades to approach 24.00 barrier, waiting for more rise to surpass our first target at 24.20 and open the way to head towards the next positive station at 25.05, to keep our bullish overivew unless breaking 23.15 and holding below it.
The expected trading range for today is between 23.35 support and 24.20 resistance.
The expected trend for today: Bullish
Midday update for Silver 20-10-2021
Silver price resumes its positive trades to approach 24.00 barrier, waiting for more rise to surpass our first target at 24.20 and open the way to head towards the next positive station at 25.05, to keep our bullish overivew unless breaking 23.15 and holding below it.
The expected trading range for today is between 23.35 support and 24.20 resistance.
The expected trend for today: Bullish
Midday update for Gold 20-10-2021
Gold price crawls upwards to move away from 1770.00 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, supported by stochastic positivity that appears on the four hours’ time frame, depending on the price stability above the mentioned level, reminding you that our first main target is located at 1797.00.
The expected trading range for today is between 1760.00 support and 1795.00 resistance.
The expected trend for today: Bullish