Midday update for the AUDUSD 16-08-2022
The AUDUSD pair shows additional negative trades to approach 0.6980 level, and the way seems open to continue the decline to visit the bullish channel’s support line around 0.6950, to keep the bearish trend active for today unless the price rallied to breach 0.7050 and holding above it.
The expected trading range for today is between 0.6960 support and 0.7070 resistance
The expected trend for today: Bearish
Midday update for Brent oil 16-08-2022
Brent oil price didn’t show any strong move since morning, and as long as the price is below 97.40, our bearish overview will remain active, supported by the negative pressure formed by the EMA50, waiting to get negative motive that assist to push the price to resume the decline that targets 94.00 followed by 92.00 levels mainly.
The expected trading range for today is between 93.50 support and 97.60 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 16-08-2022
Crude oil price shows sideways trading since morning, noticing that stochastic loses the positive momentum gradually, waiting to motivate the price to resume the bearish wave that its next main target is located at 85.00, taking into consideration that the continuation of the bearish trend depends on the price stability below 89.60.
The expected trading range for today is between 85.00 support and 90.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 16-08-2022
Silver price continues to fluctuate at the key support 20.00, and as long as the price is above this level, our bullish overview will remain valid and active for today, supported by stochastic positivity, noting that our next main target is located at 21.20.
The expected trading range for today is between 19.90 support and 20.80 resistance.
The expected trend for today: Bullish