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Midday update for Crude oil 21-10-2022
Crude oil price managed to break 84.60 level to return to the intraday bearish channel again, which supports the continuation of the expected bearish trend efficiently in the upcoming sessions, opening the way to achieve our negative targets that start at 82.30 and extend to 80.00, reminding you that the continuation of the bearish wave depends on the price stability below 86.60.
The expected trading range for today is between 82.20 support and 86.00 resistance.
The expected trend for today: Bearish
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Midday update for Silver 21-10-2022
Silver price resumes its negative trades clearly now, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, supported by the EMA50 and stochastic, reminding you that our first target is located at 18.00, which breaking it represents the key to rally towards 17.60 direct, while holding below 18.80 represents key condition to continue the expected decline.
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The GBPUSD pair resumes its negative trades to support the continuation of the bearish trend for the rest of the day, reminding you that our main targets begin at 1.1055 and extend to 1.0920 as next main stations, supported by the negative pressure formed by the EMA50, while the price needs to hold below 1.1290 to continue the expected decline.
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