Midday update for Crude oil 29-07-2022
Crude oil price resumes its positive trading to approach from our waited initial target at 98.25, affected by stochastic positivity, to support the chances for surpassing the mentioned level and opening the way towards achieving more of the gains in the upcoming period, and its next target reaches to 100.40, reminding you that the continuation of the bullish wave depends on the stability above 94.90 level.
The expected trading range for today is between 94.00 support and 98.80 resistance.
The expected trend for today: Bullish
Midday update for Silver 29-07-2022
Silver price makes attempts to breach 20.00 level, rienforcing the expectations for the continuation of the bullish trend for the rest of the day, targeting 20.50 level as a next correctional station, pointing that the EMA50 supports the expected rise, which will remain valid conditioned by holding above 19.60.
The expected trading range for today is between 19.70 support and 20.60 resistance.
The expected trend for today: Bullish
Midday update for Gold 29-07-2022
Gold price keeps rising to approach from our initial positive target at 1770.00, pointing that breaching this level will push the price towards 1779.25 level directly, being aware that the continuation of the bullish wave requires holding above 1755.70 level.
The expected trading range for today is between 1745.00 support and 1780.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 29-07-2022
The GBPUSD pair provided new positive trading and attempted to surpass 1.2200 level, to support the continuation of the expected bullish trend for today, which gets a continuous positive support from the EMA50, taking into consideration that holding above 1.2077 is important for the continuation of the expected bullish trend.
The expected trading range for today is between 1.2100 support and 1.2270 resistance.
The expected trend for today: Bullish