Midday update for Crude oil 31-03-2021
Crude oil price still stuck between the key levels represented by 59.85 support and 61.25 resistance, which keeps our neutrality valid until now, waiting to breach one of these levels to detect the next targets clearly.
To review the details of the expected targets after the breach, please check our morning report.
The expected trading range for today is between 59.30 support and 62.00 resistance.
The expected trend for today: Depends on the above mentioned levels
Midday update for Silver 31-03-2021
Silver price provides slight positive trades to move above 24.00 level, as the price is affected by stochastic positivity, while it’s still within the bearish channel that supports the continuation of the expected bearish trend scenario for the upcoming period, which depends on the price stability below 25.50, while our next main target is located at 22.90.
The expected trading range for today is between 23.00 support and 24.30 resistance.
The expected trend for today: Bearish
Midday update for Gold 31-03-2021
Gold price fluctuates within sideways track since morning, keeping its stability below 1692.00, to keep the negative pressure valid for today, supported by the EMA50, waiting to resume the bearish trend that its next target located at 1665.00, reminding you that it is important to hold below 1692.00 to continue the expected decline.
The expected trading range for today is between 1660.00 support and 1695.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 31-03-2021
The GBPUSD pair tested the intraday bearish channel’s resistance, and the price needs to hold below 1.3835 to keep the bearish trend scenario active for the upcoming period, as breaching this level will push the price back to the main bullish track again, while the main targets of the expected bearish wave are located at 1.3675 followed by 1.3580.
The expected trading range for today is between 1.3640 support and 1.3800 resistance.
The expected trend for today: Bearish