Midday update for Crude oil 22-09-2023
Crude oil price shows new positive trades to move above 91.00 barrier now, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our targets begin at 91.45 and extend to 92.92 after surpassing the previous level.
Therefore, the bullish trend scenario will remain valid and active, supported by the EMA50, reminding you that the continuation of the bullish wave depends on the price stability above 89.35.
The expected trading range for today is between 89.50 support and 92.50 resistance.
The expected trend for today: Bullish
Midday update for Silver 22-09-2023
Silver price managed to achieve our waited target at 23.70 and attempts to breach it, to support the chances of achieving additional rises that we expect to target 24.60 areas on the near-term basis.
Therefore, the bullish trend will remain suggested for today, noting that failing to breach 23.70 will press on the price to rebound bearishly and head to test 23.00 before any new attempt to rise.
The expected trading range for today is between 23.20 support and 24.00 resistance.
The expected trend for today: Bullish
Midday update for Gold 22-09-2023
Gold price touched 1929.00 level and finds solid resistance there, waiting to breach this level to confirm extending the bullish wave and achieve additional gains that reach 1945.20.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions, supported by stochastic that continues to provide the positive signals, reminding you that the continuation of the bullish wave depends on the price stability above 1913.15.
The expected trading range for today is between 1910.00 support and 1940.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 22-09-2023
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s support line, noticing that stochastic overlaps negatively to motivate the price to provide more negative trades in the upcoming sessions, noting that our next target is located at 1.2200, which breaking it represents the key to rally towards 1.2135 as a next negative station.
Therefore, the bearish trend will remain suggested on the intraday and short term basis, reminding you that it is important to hold below 1.2310 to achieve the waited targets.
The expected trading range for today is between 1.2190 support and 1.2350 resistance.
The expected trend for today: Bearish