Midday update for the AUDUSD 17-12-2019

The tight range dominates Brent oil price trades since morning, to keep the positive scenario valid without any change for today, depending on the price stability above 62.50, noting that stochastic approaches the oversold areas to support the positive overview, which its targets begin at 65.40 and extend further to 68.95 after breaching the previous level.

Crude oil price fluctuates within tight track since morning and moves near the intraday bullish channel’s support line that appears on the chart, and as long as the price is above 59.05, the bullish trend scenario will remain active for today, supported by the EMA50, reminding you that our waited targets begin at 60.90 and extend to 62.30 after breaching the previous level.

Silver price shows sideways and tight trading since morning, and the price still confined between the trend confirmation levels represented by 16.96 support and 17.10 resistance, which makes us continue with our neutrality until the price confirms surpassing one of these levels to detect its next destination clearly.