|
Midday update for Crude oil 29-03-2018
Crude oil price shows sideways trading since morning and settles above 64.20, thus, no change to the bullish trend scenario that depends on holding above the mentioned level, noting that our waited target is located at 66.70, while breaking 64.20 will extend oil price losses to reach 62.65 before any new positive attempt.
Expected trading range for today is between 63.50 support and 66.70 resistance.
Expected trend for today: Bullish
Thanks for your feedback.
Midday update for Silver 29-03-2018
Silver price shows bearish bias to test the sideways range support line that appears on the chart, located at 16.15, and as long as the price is between this level and 16.80 resistance, the sideways move scenario will remain dominant until the price manages to surpass one of these levels.
MoreMidday update for Gold 29-03-2018
Gold price resumes its negative trading now on its way to test 1316.48 that represents our main waited target, noting that it is important to monitor the price behavior when reaching the mentioned level, as breaking it will extend the correctional bearish wave to reach 1301.20 as a next station.
MoreMidday update for GBPUSD 29-03-2018
The GBPUSD pair shows expected bearish bias on its way for a potential test to 1.3985 level, and as long as the price is above this level, the bullish trend scenario will remain active on the short term basis, as breaking it will push the price to visit 1.3817 level mainly.
More