Midday update for Crude oil 24-05-2022
Crude oil price shows positive trades now after pressing on 109.14, supported by stochastic and the EMA50 positivity, to keep the bullish trend scenario valid and active in the upcoming sessions, waiting to visit 113.70 that represents our next main target, reminding you that the continuation of the bullish wave depends on the price stability above 109.14.
The expected trading range for today is between 107.50 support and 113.00 resistance.
The expected trend for today: Bullish
Midday update for Silver 24-05-2022
Silver price resumes its positive trading now, motivated by stochastic positivity, waiting for more rise affected by the inverted head and shoulders’ pattern that appears on the chart, reminding you that our expected target reaches 22.67, while achieving it requires holding above 21.70.
The expected trading range for today is between 21.50 support and 22.30 resistance.
The expected trend for today: Bullish
Midday update for Gold 24-05-2022
Gold price shows positive trades to move away from 1850.00, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, organized inside the bullish channel that supports the chances of heading towards our next target at 1890.00, noting that the continuation of the bullish wave requires holding above 1850.00 and 1838.10 levels.
The expected trading range for today is between 1840.00 support and 1875.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 24-05-2022
The GBPUSD pair trades with strong negativity after facing solid resistance at 1.2590, to head towards potential test to the key support 1.2420 in the upcoming sessions, making the bearish bias suggested for the rest of the day, being aware that it is important to monitor the price when reaching the mentioned target, as breaking it will press on the price to resume the main bearish track again, while breaching 1.2590 represents the key to resume the correctional bullish wave on the intraday basis.
The expected trading range for today is between 1.2420 support and 1.2560 resistance.
The expected trend for today: Bearish for the rest of the day