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Midday update for Crude oil 30-03-2023
Crude oil price resumes its positive trading after leaning on 72.50 level in the previous sessions, motivated by the positive overlapping signal provided by stochastic now, waiting for more rise to achieve our targets that start at 74.50 and extend to 76.90 after breaching the previous level.
Therefore, the bullish trend scenario will remain valid and active for today conditioned by the price stability above 72.50.
The expected trading range for today is between 71.50 support and 74.50 resistance.
The expected trend for today: Bullish
Midday update for Silver 30-03-2023
Silver prices rallies upwards strongly to approach our first waited target at 24.00, to support he expectations of continuing the bullish trend in the upcoming sessions, noting that surpassing the mentioned level will push the price to 24.50 as a next target.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 23.05 and holding below it.
The expected trading range for today is between 23.00 support and 24.00 resistance.
The expected trend for today: Bullish
Midday update for Gold 30-03-2023
Gold prices shows positive trades now to gradually move away from 1962.50 level, which supports the continuation of the expected bullish trend for today, supported by the technical indicators that provide positive signals now, waiting to visit 2000.00 as a next target.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, reminding you that holding above 1962.50 is important to continue the expected rise and guarantee not turning back to the correctional bearish track again.
The expected trading range for today is between 1945.00 support and 1980.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 30-03-2023
The GBPUSD pair fluctuates with slight positivity and still near the minor bullish channel’s support line, while stochastic overlaps positively to provide positive motive that we are waiting to assist to push the price to resume the main bullish wave, reminding you that our next target is located at 1.2440.
On the other hand, we should note that breaking 1.2260 will stop the suggested positive scenario and press on the price to turn to decline.
The expected trading range for today is between 1.2250 support and 1.2400 resistance.
The expected trend for today: Bullish