Midday update for Crude oil 29-11-2021
Crude oil price shows calm negative trades to approach gradually from 70.85 level, and the price needs to break this level to confirm resuming the bearish wave that targets 67.40 initially, to keep our bearish overview for the upcoming period unless the price rallied to breach 73.60 and hold above it.
The expected trading range for today is between 69.00 support and 73.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 29-11-2021
Silver price didn’t show any strong move since morning, waiting to get negative motive that assist to push the price to resume the expected bearish trend for the upcoming period, which its targets begin by breaking 23.15 to confirm extending the bearish wave towards 22.20, noting that it is important to hold below 23.60 as a first condition to continue the expected decline.
The expected trading range for today is between 22.80 support and 23.70 resistance.
The expected trend for today: Bearish
Midday update for Gold 29-11-2021
Gold price tests 1797.00 level again, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, reminding you that our main waited target is located at 1770.00.
The expected trading range for today is between 1770.00 support and 1810.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 29-11-2021
The GBPUSD pair returns to test 1.3355 level and still below it, and the EMA50 forms continuous negative pressure against the price, thus, no change to the bearish trend scenario that depends on the price stability below the mentioned level, waiting to resume the bearish wave that its next main target located at 1.3160.
The expected trading range for today is between 1.3240 support and 1.3390 resistance.
The expected trend for today: Bearish