Midday update for Crude oil 26-11-2021
Crude oil price succeeded to achieve our extended target at 73.60 and broke it and attempts to hold below it, to open the way to extend the bearish wave to target 70.85 areas on the near term basis, to keep the bearish trend dominant in the upcoming sessions, taking into consideration that stepping above 73.60 is considered as the initial positive key to start recovery attempts and head towards 76.40 level initially.
The expected trading range for today is between 72.00 support and 75.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 26-11-2021
Silver price broke 23.55 level strongly and keeps its stability below it, which supports the continuation of the bearish trend scenario efficiently in the upcoming sessions, waiting to visit 23.15 level initially, reminding you that it is important to hold below 24.20 to continue the expected decline.
The expected trading range for today is between 23.00 support and 24.00 resistance.
The expected trend for today: Bearish
Midday update for Gold 26-11-2021
Gold price shows additional positive trades to breach 1797.00 level and opens the way to achieve more expected gains for the rest of the day, making the bullish bias suggested in the upcoming sessions unless breaking 1797.00 and holding below it again, noting that the main waited target is located at 1825.15.
The expected trading range for today is between 1780.00 support and 1815.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 26-11-2021
The GBPUSD pair shows mixed trades since morning, achieving some gains now, but as long as the price is below 1.3355, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our next main target extends to 1.3160.
The expected trading range for today is between 1.3210 support and 1.3360 resistance.
The expected trend for today: Bearish