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Midday update for AUD USD 05/03/2013
The pair provides positive trading to reach the falling wedge resistance line at 1.0270, while Stochastic keeps offering the positive signals on the daily time frame.
In general, the expected bullish trend remains valid conditioned by the stability above 1.0150
Expected trading range for today is between: 1.0150 support and 1.0355 resistance.
Expected trend for today: Bullish
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Midday update for Crude Oil 05/03/2013
Crude oil price shows some positive attempts since morning, where it is approaching calmly towards 91.75, to keep our expectations for the bullish bias valid for today, and we remind you that the trading is limited inside falling wedge which breaching it represents a key for the cancelation of the bearish correction that its details appears by the above chart.
MoreMidday update for Silver 05/03/2013
Silver trades positively approaching from the retest level 29.20, and affected by the positive signal that was explained this morning of Stochastic, while the suggested bearish trend scenario remains valid and active unless breaking 29.20- 29.60
MoreMidday update for Gold 05/03/2013
Gold price shows some slight bullish bias since morning, accompanied with Stochastic reaching the overbought levels, which signals to the weak bullish momentum of the price.
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