Midday update for the AUDUSD 18-10-2021
The AUDUSD pair faces negative pressure to break 0.7405 and heads towards potential test to the key support 0.7360, making the bearish bias expected temporarily, waiting to resume the bullish trend that its next target located at 0.7478, reminding you that it is important to hold above 0.7360 to the continuation of the suggested bullish wave.
The expected trading range for today is between 0.7370 support and 0.7460 resistance
The expected trend for today: Bullish
Midday update for Wheat price 18-10-2021
Wheat price trades positively to attack 741.90 level and trades above it now, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the negative scenario valid for the upcoming period, which its next main target located at 717.00.
The expected trading range for today is between 720.00 support and 745.00 resistance.
The expected trend for today: Bearish
Midday update for Brent oil 18-10-2021
Brent oil price hovers around 85.00 level, forming positive pattern that we are waiting to assist to push the price to resume the expected bullish trend for the upcoming period, which gets continuous support by the EMA50, reminding you that our first target is located at 86.15, while achieving it requires holding above 84.65.
The expected trading range for today is between 84.00 support and 86.80 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 18-10-2021
Crude oil price tested 83.00 barrier and settles above it, waiting to resume the bullish trend that targets testing 83.95 as a next station, reminding you that the continuation of the expected rise requires holding above 82.70, which its targets extend to 86.00 followed by 87.00 after surpassing 83.95 barrier.
The expected trading range for today is between 82.20 support and 85.00 resistance.
The expected trend for today: Bullish