Midday update for Crude oil 25-11-2020
Crude oil price shows sideways trading since morning, settling around 45.40, waiting to resume the bullish trend organized inside the bullish channel that appears on the chart, reminding you that our next main target reaches 48.60, noting that the EMA50 supports the suggested bullish wave, which its continuation requires holding above 43.75.
The expected trading range for today is between 43.75 support and 47.00 resistance.
The expected trend for today: Bullish
Midday update for Silver 25-11-2020
Silver price tested 23.60 level and bounced bearishly from there, to keep the bearish trend scenario valid and active on the intraday and short term basis, supported by stochastic reach to the thresholds of the overbought areas, besides the negative pressure formed by the EMA50, reminding you that our next main target is located at 22.17, while achieving it requires holding below 23.60.
The expected trading range for today is between 22.30 support and 24.00 resistance.
The expected trend for today: Bearish
Midday update for Gold 25-11-2020
Gold price provided temporary positive trades this morning but it returns to settle around 1810.00, which keeps the bearish trend scenario valid and active for the upcoming sessions, reminding you that our targets begin by surpassing 1794.84 to confirm extending the bearish wave towards 1765.00, reminding you that the continuation of the expected decline depends on the price stability below 1819.00 and 1830.00 levels.
The expected trading range for today is between 1775.00 support and 1820.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 25-11-2020
The GBPUSD pair faces new negative pressure to attack 1.3310 and attempts to hold below it, which urges caution from the upcoming trading, as confirming the break will stop the morning suggested positive scenario and press on the price to suffer more losses that target 1.3190 areas initially, while the price needs to step above 1.3355 to confirm regaining the bullish trend that its next main target located at 1.3482.
The expected trading range for today is between 1.3300 support and 1.3482 resistance.
The expected trend for today: Bullish