Midday update for Crude oil 22-04-2021
Crude oil price crawls downwards to move below 61.00 barrier, reinforcing the expectations of continuing the bearish trend for the rest of the day, supported by the negative pressure formed by the EMA50, waiting to visit 59.85 as a next main target, reminding you that it is important to hold below 62.20 to continue the expected decline.
The expected trading range for today is between 59.50 support and 62.20 resistance.
The expected trend for today: Bearish
Midday update for Silver 22-04-2021
Silver price shows calm trades since morning, and it needs to get rid of its negative momentum to manage to resume the expected bullish trend for the upcoming period.
In general, we will continue to suggest the bullish trend for today conditioned by the price stability above 25.50, noting that our next main target is located at 27.00.
The expected trading range for today is between 26.20 support and 27.00 resistance.
The expected trend for today: Bullish
Midday update for Gold 22-04-2021
Gold price settles around 1790.00 since morning, and as long as the price is above 1765.00, our bullish overview will remain valid for the upcoming period, organized inside the bullish channel that appears on the chart, supported by the EMA50, reminding you that our waited targets begin at 1800.00 and extend to 1838.00.
The expected trading range for today is between 1780.00 support and 1815.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 22-04-2021
The GBPUSD pair shows slight negative trades now, motivated by the negative signal that stochastic begins to provide now, to support the continuation of the expected bearish trend on the intraday and short term basis, which depends on the price stability below 1.3980, while its next main target located at 1.3800.
The expected trading range for today is between 1.3850 support and 1.4000 resistance.
The expected trend for today: Bearish