Midday update for Crude oil 30-10-2020
Crude oil price trades positively to test the previously broken support at 36.10, and we need to monitor this level, as breaching it will push the price to test 37.55 before any new attempt to decline.
In general, the bearish trend scenario will remain valid and active for today unless the price rallied to breach 37.55 level and hold above it, reminding you that our waited target reaches 34.30.
The expected trading range for today is between 35.00 support and 37.55 resistance.
The expected trend for today: Bearish
Midday update for Silver 30-10-2020
Silver price shows sideways trading since morning and keeps its stability below 23.60, which keeps the bearish trend scenario valid for today, supported by stochastic reach to the overbought areas, besides the negative pressure formed by the EMA50, reminding you that our main waited target is located at 22.13.
The expected trading range for today is between 22.60 support and 24.00 resistance.
The expected trend for today: Bearish
Midday update for Gold 30-10-2020
Gold price keeps its stability below 1882.40 level, to keep the negative pressure valid for today, waiting to break 1860.90 level to confirm extending the bearish wave towards 1794.85 as a next main station, while breaching 1882.40 and holding above it will lead the price to achieve intraday gains today that target testing 1901.80 level before any new negative attempt.
The expected trading range for today is between 1850.00 support and 1890.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 30-10-2020
The GBPUSD pair shows sideways trading since morning, and as long as the price is below 1.3000, our bearish overview will remain valid for today, waiting to get enough negative momentum to push the price to resume the negative scenario that targets 1.2845 followed by 1.2705 levels as next main stations.
The expected trading range for today is between 1.2845 support and 1.3000 resistance.
The expected trend for today: Bearish