Midday update for the AUDUSD 07-10-2021
The AUDUSD pair attempted to breach 0.7290 and returns to hold below it, which keeps our bearish overview valid for today, supported by stochastic negativity, waiting to test 0.7245 level initially, reminding you that breaching 0.7290 will stop the suggested negative scenario and lead the price to turn to rise.
The expected trading range for today is between 0.7220 support and 0.7320 resistance
The expected trend for today: Bearish
Midday update for Brent oil 07-10-2021
Brent oil price managed to break 79.90 strongly and settles below it now, which supports the continuation of our bearish overview efficiently in the upcoming sessions, paving the way to hea towards our next main target at 77.90, noting that holding below 79.90 represents initial condition to continue the expected decline.
The expected trading range for today is between 78.00 support and 81.00 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 07-10-2021
Crude oil price declined strongly to reach the thresholds of the extended target at 74.50, facing more negative pressure that might push the price to break the mentioned level and start bearish correction on the intraday basis, to keep the bearish bias suggested in the upcoming sessions unless the price managed to breach 76.65 and build support base above it.
The expected trading range for today is between 74.50 support and 77.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 07-10-2021
Silver price shows bullish bias to approach 22.90 level, and begins to rebound bearishly that hint heading to resume the main bearish trend, to keep the negative scenario active for today, supported by stochastic negativity that appears clearly on the chart, noting that our first main target is located at 21.65, while achieving it requires holding below 22.90.
The expected trading range for today is between 22.00 support and 22.70 resistance.
The expected trend for today: Bearish