Midday update for Crude oil 25-05-2022
Crude oil price didn’t show any strong move since morning, to continue fluctuating around 110.00 barrier, thus, the bullish trend scenario will remain valid as it is without any change for today, supported by the EMA50, noting that we are waiting to visit 113.70 as a next main target.
The expected trading range for today is between 108.50 support and 113.70 resistance.
The expected trend for today: Bullish
Midday update for Silver 25-05-2022
Silver price is affected by stochastic negativity to show slight bearish bias, and as long as the price is above 21.65, our bullish overview will remain valid for today, supported by the EMA50 that carries the price from below, noting that our main waited target reaches 22.67.
The expected trading range for today is between 21.75 support and 22.50 resistance.
The expected trend for today: Bullish
Midday update for Gold 25-05-2022
Gold price shows some slight bearish bias, affected by stochastic negativity, on its way for potential test to 1850.00, while the EMA50 meets this support to add more strength to it, to continue suggesting the bullish trend that depends on the price stability above 1850.00 and 1838.10 levels, reminding you that our next main target is located at 1890.00.
The expected trading range for today is between 1845.00 support and 1885.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 25-05-2022
The GBPUSD pair settles near the bullish channel’s support line, waiting to resume the bullish wave and surpass 1.2590 level to confirm extending the bullish wave towards 1.2725, to keep the positive scenario valid and active for today conditioned by the price stability above 1.2420.
The expected trading range for today is between 1.2440 support and 1.2620 resistance.
The expected trend for today: Bullish