Midday update for Crude oil 25-09-2023
Crude oil price shows sideways trading since morning, as long as the price is below 91.45, so the bearish trend scenario will remain active for today, waiting for getting negative motive that assists to push the price towards resuming the bearish wave that depends on forming a low top that supports the chances for achieving negative targets that begin at 89.35 and extend to 87.16 after breaking the previous level.
The expected trading range for today is between 88.80 support and 91.70 resistance.
The expected trend for today: Bearish
Midday update for Silver 25-09-2023
Silver price fluctuates in sideways track, while stochastic gains positive momentum clearly, which supports the chances for resuming the expected bullish trend for today, and its targets begin by breaching 23.70 to confirm the extension of the bullish wave towards 24.60.
on the hand, you should be aware that the stability of 23.70 level against the positive attempts will push the price to rebound lower and head towards 23.00 mainly.
The expected trading range for today is between 23.20 support and 24.00 resistance.
The expected trend for today: Bullish
Midday update for Gold 25-09-2023
Gold price shows sideways trading since morning, noticing that stochastic approaches from overlapping positively now, waiting to assist to push the price towards breaching 1929.00 then heading towards our next main target at 1945.20.
in general, the bullish trend scenario will remain valid and active conditioned by holding above 1913.15 level.
The expected trading range for today is between 1910.00 support and 1940.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 25-09-2023
The GBPUSD pair keeps declining to reach the threshold of the waited target at 1.2200, waiting for more of the bearish bias moves to surpass this level and head towards 1.2135 as a next main target.
therefore, we keep preferring the bearish trend for today, supported by the EMA0, reminding you that holding below 1.2310 is important for the continuation of the expected decline.
The expected trading range for today is between 1.2150 support and 1.2300 resistance.
The expected trend for today: Bearish