Midday update for Crude oil 28-07-2021
Crude oil price didn’t show any strong move since morning, to fluctuate around 72.00 level, and as long as the price is above 71.05, our bullish overview will remain valid and active for the upcoming period, supported by the EMA50, noting that the expected targets begin at 73.30 and extend to 75.00 after surpassing the previous level.
The expected trading range for today is between 71.05 support and 73.80 resistance.
The expected trend for today: Bullish
Midday update for Silver 28-07-2021
Silver price keeps its stability below 24.95, to keep the negative pressure valid for today, supported by the EMA50, waiting for more decline to visit 23.75 as a next main target.
The expected trading range for today is between 24.20 support and 25.20 resistance.
The expected trend for today: Bearish
Midday update for Gold 28-07-2021
Gold price trades negatively now to approach 1797.00 level, waiting to break this level to confirm extending the bearish wave and visit 1770.00 as a next main station.
Therefore, the bearish trend scenario will remain valid and active supported by the negative pressure formed by the EMA50, reminding you that it is important to hold below 1825.15 to continue the expected decline.
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 28-07-2021
The GBPUSD pair shows tight trades since morning, settling around 1.3870, thus, no change to the bullish trend scenario that targets 1.3910 followed by 1.4000 levels as next stations, while achieving them requires holding above 1.3805.
The expected trading range for today is between 1.3820 support and 1.3970 resistance.
The expected trend for today: Bullish