Midday update for the AUDUSD 10-06-2022
The AUDUSD pair shows clear positive trades to head towards potential test to the key resistance 0.7160, and as long as the price is below this level, our bearish overview will remain valid for today, waiting to break 0.7100 to confirm opening the way to head towards 0.7050 followed by 0.6995 levels.
The expected trading range for today is between 0.7040 support and 0.7140 resistance
The expected trend for today: Bearish
Midday update for Brent oil 10-06-2022
Brent oil price trades positively to start testing the key resistance 122.00, affected by stochastic positivity, and we need to monitor the price behavior at the mentioned level, as it needs to consolidate below it to keep the negative scenario active for today, which targets 117.90 mainly, while breaching it and holding above it will reactivate the main bullish trend and opens the way to achieve new gains on the short term and medium term basis.
The expected trading range for today is between 118.50 support and 123.00 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 10-06-2022
Crude oil price shows positive attempts now and attempts to step above 119.35 level, which urges caution from the upcoming trading, as surpassing this level followed by breaching 120.30 will stop the morning suggested negative scenario and lead the price to regain the main bullish trend again, while the price needs to consolidate below 119.35 to resume the bearish bias that its main targets located at 117.10 followed by 115.70.
The expected trading range for today is between 116.00 support and 120.50 resistance.
The expected trend for today: Bearish
Midday update for Silver 10-06-2022
Silver price settles below 21.85 level, to keep the negative pressure valid for today, supported by the EMA50, waiting to head towards 21.35 followed by 20.50 levels as main negative targets, reminding you that breaching 21.85 will push the price to recover again and attempt to rally towards 22.67 areas.
The expected trading range for today is between 21.15 support and 21.90 resistance.
The expected trend for today: Bearish