Midday update for the AUDUSD 08-10-2021
The AUDUSD pair faces negative pressure to test 0.7290 level, which urges caution from the upcoming trading, as breaking this level will stop the expected rise for today and push the price to return to the bearish track again, while it needs to breach 0.7325 to confirm heading towards 0.7360 as a next positive target.
The expected trading range for today is between 0.7250 support and 0.7370 resistance
The expected trend for today: Bullish
Midday update for Brent oil 08-10-2021
Brent oil price hovers around 82.75 level since morning, and the price needs to breach 83.20 to confirm the continuation of the bullish trend on the intraday and short term basis, which gets good support by the EMA50, waiting to get positive momentum that assist to push the price to achieve more gains that reach 84.00.
The expected trading range for today is between 81.00 support and 84.00 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 08-10-2021
Crude oil price shows sideways trades around 79.50, affected by stochastic negativity that stops the bullish rally, waiting to get positive momentum to assist to push the price to resume the main bullish trend.
In general, we will continue to suggest the bullish trend for today as long as 78.35 level remains intact, reminding you that our next main target is located at 80.35.
The expected trading range for today is between 78.00 support and 81.00 resistance.
The expected trend for today: Bullish
Midday update for Silver 08-10-2021
Silver price didn’t show any strong move since morning, fluctuating around the EMA50, waiting to resume the bearish wave that depends on the price stability below 22.90, while its next main target located at 21.65.
The expected trading range for today is between 22.00 support and 22.70 resistance.
The expected trend for today: Bearish