Midday update for the AUDUSD 10-12-2019
The AUDUSD pair shows slight bearish bias to move below the EMA50, as the price is affected by stochastic negativity, but as long as the price is above 0.6755, our bullish overview will remain active, waiting to get enough positive motive to resume the positive trades that target 0.7015 level mainly.
The expected trading range for today is between 0.6790 support and 0.6870
The expected trend for today: Bullish
Midday update for Brent oil 10-12-2019
Brent oil price did not show any strong move since morning, to continue fluctuating around 63.60 level, thus, no change to the bullish trend scenario that depends on the price stability above 62.50, while our main waited target is located at 65.40.
The expected trading range for today is between 62.50 support and 65.40 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 10-12-2019
Crude oil price shows slight bearish bias to move below 59.00 level, as the price is affected by the negative signals coming by stochastic, while the EMA50 continues to support the price from below, to keep the bullish trend scenario active for today, organized inside the bullish channel that carries the price from 50.90 areas, waiting to visit 60.90 level mainly, reminding you that it is important to hold above 57.40 to continue the expected rise.
The expected trading range for today is between 58.00 support and 60.90 resistance.
The expected trend for today: Bullish
Midday update for Silver 10-12-2019
Silver price shows slight bullish bias now, but as long as the price is below 16.96, our bearish overview will remain valid, supported by the negative pressure formed by the EMA50, reminding you that our main waited target is located at 16.33.
The expected trading range for today is between 16.33 support and 16.75 resistance.
The expected trend for today: Bearish