Midday update for Crude oil 22-01-2018

Gold price trades positively after retesting the previously breached resistance of the bullish flag pattern that appears on the chart, noticing that stochastic prepares to provide positive overlapping signal on the four hours’ time frame, which supports the continuation of our bullish overview for the rest of the day, waiting to test the previously recorded top at 1357.50 as a first station, reminding you that holding above 1321.40 represents key condition to continue the expected bullish trend.

The GBPUSD pair resumes its positive trading after the slight decline that it witnessed recently, reinforcing the expectations of continuing the overall bullish trend, which its targets begin by testing the psychological barrier at 1.4000 and extend to 1.4125 after breaching the previous level, taking into consideration that holding above 1.3825 represents key condition to continue the suggested bullish trend.

The EURUSD pair rebounds bullishly after testing 1.2215 level this morning, to keep the bullish trend valid efficiently for the rest of the day, supported by stochastic positivity that appears clearly on the four hours’ time frame, reminding you that our first target is located at 1.2340.