Midday update for Crude oil 21-08-2019
Crude oil price didn’t show any strong move since morning, to keep flcutauting near the bearish channel’s resistance, as long as the price is below 7.33, so our bearish trend expectations will remain active, supported by stochastic move at the overbought levels, reminding you that the initial main target is located at 54.47.
The expected trading range for today is between 54.47 support and 57.33 resistance.
The expected trend for today: Bearish
Midday update for Silver 21-08-2019
Silver price tests the EMA50 and it begins to bounce higher from there, keeping the bullish trend scenario active for the rest of the day, and its main targets begin by testing 17.30 level, reminding you that the expected bullish trend is conditioned by holding above 16.75 and 16.50 levels.
The expected trading range for today is between 16.90 support and 17.30 resistance.
The expected trend for today: Bullish
Midday update for Gold 21-08-2019
Gold price faces a negative pressure to move below 1503.24, which requires being aware from the upcoming trading, where the price might be forced to visit 1483.60 level before it return to rise again.
The price needs to step above 1503.24 to resume the main bullish trend, pointing that our initial main target that is located at 1535.00.
The expected trading range for today is between 1490.00 support and 1520.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 21-08-2019
The GBPUSD pair returns to decline and test 1.213 level, as long as the price is above this level, so our bullish trend expectations will remain valid, where breaking this level will push the price to decline towards 1.2000 initially, while the initial positive target is located at 1.2207.
The expected trading range for today is between 1.2070 support and 1.2240 resistance.
The expected trend for today: Bullish