Midday update for the AUDUSD 03-08-2022
The AUDUSD pair shows more bullish bias to move away from 0.6910 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, which depends on the price stability above the mentioned level, reminding you that our waited targets begin at 0.6980 and extend to 0.7050.
The expected trading range for today is between 0.6880 support and 0.7000 resistance
The expected trend for today: Bullish
Midday update for Brent oil 03-08-2022
Brent oil price shows additional negative trades to approach the key support 102.25, waiting to break this level to confirm rallying towards our next negative target that reaches 99.25, to keep the bearish trend scenario valid and active conditioned by the price stability below 105.75.
The expected trading range for today is between 100.00 support and 105.75 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 03-08-2022
Crude oil price resumes its negative trades to press on the breached resistance of the bearish channel and attempts to break this support formed at 92.45, reinforcing the expectations of continuing the bearish trend for the rest of the day, which its next main target located at 89.60, noting that the EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 94.50 and the most important below 95.50.
The expected trading range for today is between 89.60 support and 95.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 03-08-2022
Silver price fluctuates around 20.00 level and still below it, waiting to activate the positive effect of stochastic to rally towards our positive targets that start at 20.50 and extend to 21.00 after surpassing the previous level, taking into consideration that the continuation of the bullish wave depends on the price stability above 19.60.
The expected trading range for today is between 19.60 support and 20.50 resistance.
The expected trend for today: Bullish