Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Midday update for Crude oil 29-10-2021

Economies.com
2021-10-29 10:36AM UTC

Crude oil price settles below 83.00 level, to keep the negative pressure valid for today, supported by stochastic negativity, waiting to resume the bearish bias that targets 79.83 as a next main station, remidnign you that breaching 83.00 will push the price to regain the main bullish trend again.

 

The expected trading range for today is between 81.00 support and 84.00 resistance.

The expected trend for today: Bearish

Midday update for Gold 29-10-2021

Economies.com
2021-10-29 10:37AM UTC

Gold price continues to fluctuate around 1797.00 since morning, while stochastic begins to overlap positively, waiting to motivate the price to resume the expected bullish trend for today, which depends on the price stability above 1789.00, reminding you that our next main target reaches 1825.15.

 

The expected trading range for today is between 1785.00 support and 1820.00 resistance.

 

The expected trend for today: Bullish

Midday update for Silver 29-10-2021

Economies.com
2021-10-29 10:36AM UTC

Silver price attempted to breack 23.90 and returns to fluctuate above it, and as long as the price is below 24.20, our bearish overview will remain valid and active for the upcoming period, waiting to get negative motive that assist to push the price towards 23.15 that represents our next main target.

 

The expected trading range for today is between 23.40 support and 24.20 resistance.

 

The expected trend for today: Bearish

Midday update for the GBPUSD 29-10-2021

Economies.com
2021-10-29 10:35AM UTC

The GBPUSD pair faces solid resistance at 1.3795 level, waiting to get positive momentum that assist to push the price to breach this level and open the way to extend the bullish wave on the intraday and short term basis, as the next target is located at 1.3910, while achieving it requires holding above 1.3720.

 

The expected trading range for today is between 1.3720 support and 1.3890 resistance.

 

The expected trend for today: Bullish