Midday update for the AUDUSD 12-01-2021
The AUDUSD pair trades positively and attempts to surpass 0.7725 level, which urges caution from the upcoming trading, as breaching this level will stop the correctional bearish scenario and lead the price to regain the main bullish trend, while the price needs to consolidate below the mentioned level to confirm the continuation of the decline that we expect to target 0.7624 as a first station.
The expected trading range for today is between 0.7600 support and 0.7750
The expected trend for today: Bearish
Midday update for Brent oil 12-01-2021
Brent oil price continues to rise to surpass 56.00 barrier and settles above it, which supports the expectations of continuing the main bullish trend, and the way is open to head towards 57.77 that represents our next main target, while the expected rise will remain valid unless breaking 54.95 level and holding below it.
The expected trading range for today is between 54.50 support and 57.00 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 12-01-2021
Crude oil price shows more rise to approach 53.00 barrier, reinforcing the expectations of continuing the main bullish trend, which its next target located at 54.62, reminding you that the continuation of the bullish wave requires holding above 51.40.
The expected trading range for today is between 51.00 support and 54.00 resistance.
The expected trend for today: Bullish
Midday update for Silver 12-01-2021
Silver price tested 25.50 level and still below it until now, accompanied by stochastic reach to the overbought areas, waiting to motivate the price to resume the expected bearish trend for today, which targets 22.87 as a next main station, while its continuation requires holding below 25.50.
The expected trading range for today is between 24.30 support and 25.80 resistance.
The expected trend for today: Bearish