Midday update for Crude oil 24-06-2021
Crude oil price resumes the bullish track after leaning on the intraday bullish channel’s support line, supported by stochastic positivity that appears on the four hours’ time frame, waiting for more rise to visit 75.55 that represents our next main target, reminding you that the continuation of the bullish wave requires holding above 72.50.
The expected trading range for today is between 72.00 support and 75.00 resistance.
The expected trend for today: Bullish
Midday update for Silver 24-06-2021
Silver price fluctuates at 26.00 barrier now, waiting to resume the correctional bearish track that depends on the price stability below 26.25, supported by the EMA50, noting that the expected targets begin at 25.65 and extend to 24.95 after breaking the previous level.
The expected trading range for today is between 25.30 support and 26.25 resistance.
The expected trend for today: Bearish
Midday update for Gold 24-06-2021
Gold price shows some slight bullish bias, affected by stochastic positivity, and as long as the price is below 1800.00, our bearish overview will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our targets begin by surpassing 1770.00 to opne the way to visit 1734.10 as a next target.
The expected trading range for today is between 1755.00 support and 1790.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 24-06-2021
The GBPUSD pair trades positively after consolidating above the support base formed above 1.3960, reinforcing the expectations of continuing the bullish trend, waiting to test 1.4027, reminding you that surpassing this level will push the price to 1.4110, while holding above 1.3960 represents the first condition to continue the suggested rise.
The expected trading range for today is between 1.3890 support and 1.4050 resistance.
The expected trend for today: Bullish