Midday update for the AUDUSD 15-01-2021
The AUDUSD pair faces additional negative pressure to test the EMA50 and keeps its stability above it until now, to keep our bullish overview that depends on the price stability above 0.7710, reminding you that our waited targets begin at 0.7820 and extend to 0.7910 after surpassing the previous level.
The expected trading range for today is between 0.7710 support and 0.7820
The expected trend for today: Bullish
Midday update for Brent oil 15-01-2021
Brent oil price faces new negative pressure to attack 55.78, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the bullish trend active, which targets 57.77 followed by 60.65 levels as next main stations.
We should note that breaking the above mentioned support will complete forming negative pattern that has the ability to turn the intraday and short term track to the downside.
The expected trading range for today is between 55.00 support and 57.77 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 15-01-2021
Crude oil price shows new negative trades after the reaching the recent high at 53.90, to head towards potential test to 52.30, and as long as the price is above this level, our bullish overview will remain valid for today, as breaking it will press on the price for more intraday bearish correction, while the price needs to breach 53.90 to reinforce the chances of rallying towards our expeted targets that start at 54.62 followed by 56.00.
The expected trading range for today is between 52.30 support and 55.00 resistance.
The expected trend for today: Bullish
Midday update for Silver 15-01-2021
Silver price shows some bearish bias now to move below 25.50, and as we mentioned this morning, we are neutral until the price confirms its situation according to the mentioned level to detect its next destination clearly, as the price faces contradiction between the technical factors, noting that the expected targets for the upcoming period are explained in our morning report.
The expected trading range for today is between 24.80 support and 26.20 resistance.
The expected trend for today: Neutral