Midday update for Crude oil 22-09-2022
Crude oil price trades positively now, affected by stochastic positivity, while the EMA50 forms continuous negative pressure against the price, to keep the chances valid to continue the expected bearish trend for today unless the price continued to rise to breach 85.15 followed by 85.80 levels, reminding you that our main waited targets begin at 82.00 and extend to 80.00.
The expected trading range for today is between 81.00 support and 85.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 22-09-2022
Silver price rallies upwards now to attack 19.60 level and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will lead the price to continue the rise and achieve positive targets that start by visiting 20.00 barrier, while consolidating below it will press on the price to resume the decline that its targets begin at 19.20 followed by 18.80.
The expected trading range for today is between 18.80 support and 19.80 resistance.
The expected trend for today: Bearish
Midday update for Gold 22-09-2022
Gold price returns to rise strongly to test the bearish channel’s resistance, and as we mentioned in our recent reports, the price needs to consolidate below 1680.00 to keep the bearish trend scenario active, as breaching it will lead the price to achieve new gains that start at 1690.00 and extend to 1710.00, while breaking 1665.00 is required to reinforce the chances of resuming the bearish trend that its next main target located at 1644.00.
The expected trading range for today is between 1650.00 support and 1685.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 22-09-2022
The GBPUSD pair rallied upwards to attack 1.1295 level and attempts to hold above it, which hints heading to attempt to start bullish correction on the intraday basis, which makes us prefer to stay aside until the price confirms its situation according to this level, as consolidating above it will push the price to achieve gains that start at 1.1410 and extend to 1.1475, while trading below it again will reactivate the main bearish trend scenario that its next target located at 1.1100.
The expected trading range for today is between 1.1220 support and 1.1400 resistance.
The expected trend for today: Neutral