Midday update for AUD USD 18/12/2015
The AUDUSD pair tested the critical resistance level at 0.7155, which represents one of the next trend keys besides 0.7080 support, as we mentioned this morning, the price needs to breach one of these levels to detect its next trend clearly, where we mentioned the expected targets from the breach in our morning report.
Therefore, we will keep our neutrality until getting the waited confirmation signal for the next trend.
Expected trading range for today is between 0.7000 support and 0.7245
Expected trend for today: Neutral
Midday update for Crude Oil 18/12/2015
Crude oil price tests 35.00 level that turns into resistance now after breaking it previously, where the price affected by stochastic positivity, while the EMA50 keeps pushing negatively on the price, keeping the negative scenario valid in the upcoming period, waiting for visiting 34.15 level as an initial main target.
We remind you that breaking the targeted level will extend the losses to reach 30.00, while the bearish bias will remain valid unless breaching 37.75 level and holding above it.
Expected trading range for today is between 32.00 support and 36.00 resistance.
Expected trend for today: Bearish
Midday update for Silver 18/12/2015
Silver price didn’t show any strong move since morning, to keep fluctuating near 13.75 keeping its stability within the bearish channel that appears in the chart, therefore, there is no change on the bearish trend scenario that depends on the stability below 14.15 level, while its next targets at 13.50 then 13.00.
Expected trading range for today is between 13.40 support and 14.15 resistance.
Expected trend for today: Bearish
Midday update for Gold 18/12/2015
Gold price shows slight bullish bias affected by stochastic positivity, while the price remains confined between the next trend keys that represented by 1046.20 support and 1078.45 resistance; therefore, we remain neutral until getting clearer confirmation signals for the next trend, which we will get it by breaching one of the mentioned levels.
To recognize the details of the expected targets from the breach, please review our morning report.
Expected trading range for today is between 1040.00 support and 1070.00 resistance.
Expected trend for today: Neutral