Midday update for the AUDUSD 08-12-2023
The AUDUSD pair settles around 0.6610 since morning, waiting to get positive motive that assist to push the price to achieve our main waited target at 0.6660, to keep the bullish trend scenario valid for today, reminding you that the continuation of the bullish wave requires holding above 0.6545.
The expected trading range for today is between 0.6570 support and 0.6670 resistance
The expected trend for today: Bullish
Midday update for Brent oil 08-12-2023
Brent oil price attempted to breach 75.60 level but it returned to fluctuate below it again, which keeps the main bearish trend scenario valid for the upcoming period, reminding you that our waited targets begin at 72.70 and extend to 71.70.
Note that surpassing 75.60 and holding above it will push the price to achieve gains that reach 77.44 before determining the next destination.
The expected trading range for today is between 73.80 support and 76.50 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 08-12-2023
Crude oil price traded with additional positivity to attack 70.50 level but it returned to trade below it again, to keep the bearish trend scenario active for today, which targets 67.04 areas mainly, taking into consideration that confirming breaching 70.50 will stop the expected decline and push the price to visit 72.40 followed by 73.73 levels as next main stations.
The expected trading range for today is between 69.00 support and 71.50 resistance.
The expected trend for today: Bearish
Midday update for Silver 08-12-2023
Silver price fluctuates at the key support 23.70, and as long as the price is above this level, our bullish overview will remain valid for today, which its next main target located at 24.60, reminding you that breaking 23.70 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 23.60 support and 24.50 resistance.
The expected trend for today: Bullish