Midday update for Crude oil 24-01-2022
Crude oil price faces solid resistance formed at the broken support of the bullish channel, waiting to get positive momentum that assist to push the price to resume the positive trades to surpass 87.00 and open the way to visit 88.00.
Therefore, we will continue to suggest the bullish trend for today unless breaking 84.80 and holding below it.
The expected trading range for today is between 84.40 support and 87.30 resistance.
The expected trend for today: Bullish
Midday update for Silver 24-01-2022
Silver price trades positively to move above 24.20 level now, to support the continuation of the expected bullish trend scenario for today, which depends on the price stability above the mentioned level, supported by the oversold signals that appear through stochastic, reminding you that our next main target reaches 25.05.
The expected trading range for today is between 23.90 support and 24.60 resistance.
The expected trend for today: Bullish
Midday update for Gold 24-01-2022
Gold price resumes its positive trading to move away from 1830.00 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, and the way is open to achieve our main waited target at 1860.00, supported by the EMA50 that continues to carry the price from below, reminding you that holding above 1825.15 is important to continue the expected rise.
The expected trading range for today is between 1825.00 support and 1855.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 24-01-2022
The GBPUSD pair managed to touch our first waited target at 1.3530 and presses negatively on it, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that our next targets reach 1.3460 followed by 1.3400, while achieving them requires holding below 1.3610.
The expected trading range for today is between 1.3460 support and 1.3620 resistance.
The expected trend for today: Bearish