Midday update for Crude oil 23-02-2021
Crude oil price settles above the intraday bullish channel’s support line that appears on the chart, getting continuous positive support by the EMA50, to keep our bullish overview valid for today, which targets 65.60 as a next station, reminding you that it is important to hold above 61.60 to continue the expected rise.
The expected trading range for today is between 61.00 support and 64.00 resistance.
The expected trend for today: Bullish
Midday update for Silver 23-02-2021
Silver price keeps its stability above 27.50 level, to keep the bullish trend scenario active for today, supported by the EMA50 that carries the price from below, waiting to resume the positive trades that target 29.00 followed by 29.80 levels as next main stations.
The expected trading range for today is between 27.50 support and 29.00 resistance.
The expected trend for today: Bullish
Midday update for Gold 23-02-2021
Gold price shows some bearish bias to move away gradually from the bearish channel’s resistance, to reinforce the signals of turning back to decline, but we still neutral until the price confirms breaking 1800.00 support or breaching 1820.00 resistance to detect the next targets clearly.
To review the expected targets after the breach, please check our morning report.
The expected trading range for today is between 1790.00 support and 1830.00 resistance.
The expected trend for today: Neutral
Midday update for the GBPUSD 23-02-2021
The GBPUSD pair resumes its positive trading to start testing 1.4100 barrier, which supports the continuation of the bullish trend scenario for the rest of the day, reminding you that our next target is located at 1.4200, to keep the price inside the bullish channel that appears on the chart, reminding you that it is important to hold above 1.4000 to achieve the waited targets.
The expected trading range for today is between 1.4000 support and 1.4170 resistance.
The expected trend for today: Bullish