Midday update for Crude oil 28-09-2021
Crude oil price provided additional positive trades to approach our waited target at 76.95, and it is affected by stochastic negativity and the strength of this level to show some temporary bearish bias, waiting to get positive motive that assist to push the price to breach this level and rally towards 78.60 that represents our next main target, taking into consideration that failing to achieve the required breach might force the price to rebound bearishly to visit areas that reach 73.30 before any new attempt to rise.
The expected trading range for today is between 75.00 support and 78.00 resistance.
The expected trend for today: Bullish
Midday update for Silver 28-09-2021
Silver price trades with clear negativity to start pressing on 22.30 level, to support the expectations of continuing the bearish trend in the upcoming period, reminding you that breaking this level represents the key to head towards our next negative targets at 21.65 followed by 20.75, which achieving them requires holding below 22.90.
The expected trading range for today is between 22.10 support and 22.90 resistance.
The expected trend for today: Bearish
Midday update for Gold 28-09-2021
Gold price managed to break the bearish flag’s support line and rallied downwards strongly to succeed achieving our waited negative target at 1735.00, expecting the continuation of the negative pressure to break this level and open the way to head towards 1692.00 as a next main target.
Therefore, the bearish bias will remain dominant in the upcoming sessions unless the price rallied to breach 1770.00 and hold above it.
The expected trading range for today is between 1730.00 support and 1765.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 28-09-2021
The GBPUSD pair faces strong negative pressure now to attack 1.3655 level, which urges caution from the upcoming trading, especially that there is an under construction negative formation that its signs appear on the chart, to stay aside until the price confirms its situation according to the mentioned level.
Note that breaking 1.3655 will press on the price to suffer more losses and head towards 1.3570 as a next negative station, while consolidating above it will lead the price to resume the bullish trend that its first main target located at 1.3845.
The expected trading range for today is between 1.3620 support and 1.3800 resistance.
The expected trend for today: Neutral