Midday update for AUDUSD 21-12-2017
The AUDUSD pair is testing the bullish pennant's support line that appears on the above chart, while stochastic reaches the oversold areas, waiting to motivate the price to resume the bullish bias to breach 0.7680 level and active the positive effect of the mentioned pattern followed by continuing the bullish trend.
Therefore, the bullish trend will remain suggested in the upcoming sessions unless breaking 0.7633 level and holding below it, reminding you that our first main target is located at 0.7727.
Expected trading range for today is between 0.7600 support and 0.7750
Expected trend for today: Bullish
Midday update for Brent oil 21-12-2017
Brent oil price trades with calm positivity since morning, to keep the bullish trend valid for the rest of the day, affected by the previously completed inverted head and shoulders' pattern, reminding you that our main waited target is located at 67.00, which represents the main bullish channel's resistance that appears on the chart, while holding above 63.65 represents key condition to continue the rise in the upcoming sessions.
Expected trading range for today is between 63.00 support and 66.50 resistance.
Expected trend for today: Bullish
Midday update for Crude oil 21-12-2017
Crude oil price continues to rise gradually and attempts to build support base above 58.00 barrier, which keeps the bullish trend scenario active for today, to approach our first waited target gradually at 59.00, reminding you that breaching this level will push the price towards 60.00 followed by 62.00 as next main stations, while holding above 56.70 represents the most important condition to achieve the suggested targets.
Expected trading range for today is between 57.00 support and 60.00 resistance.
Expected trend for today: Bullish
Midday update for Gold 21-12-2017
Gold price shows some slight bearish bias to test the key support base 1263.15 and keeps its stability above it, which keeps the bullish trend scenario active until now, supported by the EMA50, reminding you that we need to breach 1270.00 to ease the mission of heading towards our first main target at 1281.17.
Expected trading range for today is between 1260.00 support and 1280.00 resistance.
Expected trend for today: Bullish