Midday update for Crude oil 30-11-2021
Crude oil price declined sharply to succeed to touch our waited target at 67.40 and presses negatively on it, to reinforce the chances of breaking this level to open the way to extend the bearish wave towards the previously recorded low at 61.83 as a next negative station, noting that failing to achieve the required break will push the price to visit 70.85 areas before detecting the next trend clearly.
The expected trading range for today is between 66.50 support and 69.50 resistance.
The expected trend for today: Bearish
Midday update for Silver 30-11-2021
Silver price fluctuates around 22.85 level since morning, and still inside the bearish channel that appears on the chart, waiting to resume the bearish trend that targets 22.20 level as a next main station, reminding you that it is important to hold below 23.15 to continue the expected decline.
The expected trading range for today is between 22.40 support and 23.15 resistance.
The expected trend for today: Bearish
Midday update for Gold 30-11-2021
Gold price shows positive trades to test 1797.00 level, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend active for today, supported by the negative pressure formed by the EMA50, reminding you that our next main target is located at 1770.00.
The expected trading range for today is between 1770.00 support and 1805.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 30-11-2021
The GBPUSD pair traded with strong positivity to breach 1.3355 level and attempts to hold above it, which urges caution form the upcoming trading, as consolidating above this level will lead the price to achieve additional gains that reach 1.3430 before turning back to decline again, while the price needs to trade below 1.3355 to resume the bearish track 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