Midday update for the AUDUSD 16-09-2022
The AUDUSD pair declines strongly now to break 0.6700 level and confirms the continuation of the bearish wave for the rest of the day, waiting for more decline that targets 0.6610 level as a next main station, noting that holding below 0.6700 is important to continue the expected decline.
The expected trading range for today is between 0.6640 support and 0.6760 resistance
The expected trend for today: Bearish
Midday update for Brent oil 16-09-2022
Brent oil price shows sideways trades since morning, waiting to get negative motive that assists to push the price to resume the bearish trend that its next main targets located at 90.20 followed by 88.35, noting that the continuation of the bearish wave depends on the price stability below 93.30.
The expected trading range for today is between 89.50 support and 93.30 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 16-09-2022
Crude oil price resumes its negative trading to support the continuation of the expected bearish trend for today, and we believe that the way is open to achieve our negative targets that start at 83.50 followed by 80.95, supported by the EMA50 that presses negatively on the price, reminding you that the continuation of the bearish wave depends on the price stability below 86.65.
The expected trading range for today is between 82.20 support and 86.65 resistance.
The expected trend for today: Bearish
Midday update for Silver 16-09-2022
Silver price managed to touch our first negative target at 18.80 and presses negatively on it, reinforcing the chances of continuing the bearish trend in the upcoming sessions, reminding you that our next target is located at 18.35, while holding below 19.20 represents key condition to continue the expected decline.
The expected trading range for today is between 18.60 support and 19.35 resistance.
The expected trend for today: Bearish