Midday update for the AUDUSD 22-06-2022
The AUDUSD pair resumes the bearish rally to move away from 0.6930, which supports the continuation of the bearish trend scenario for the rest of the day, and the way is open to achieve our main waited target at 0.6830, noting that the EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 0.6930 and 0.6995 levels.
The expected trading range for today is between 0.6860 support and 0.6960 resistance
The expected trend for today: Bearish
Midday update for Brent oil 22-06-2022
Brent oil price provided new strong negative trades to reach 106.50 level, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, reminding you that our main waited target is located at 105.05, while holding below 110.10 represents key condition to continue the expected decline.
The expected trading range for today is between 105.50 support and 111.00 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 22-06-2022
Crude oil price achieved initial break to 104.60 level and attempts to hold below it, which supports the continuation of our bearish overview efficiently for the rest of the day, reminding you that our next targets begin at 101.50 and extend to 98.95, while the price needs to consolidate below 104.60 to achieve these targets.
The expected trading range for today is between 102.00 support and 107.50 resistance.
The expected trend for today: Bearish
Midday update for Silver 22-06-2022
Silver price shows additional negative trades to gradually approach our first waited target at 20.95, waiting for more decline in the upcoming sessions and head towards 20.50, to continue suggesting the bearish trend on the intraday basis that depends on the price stability below 21.85 and 22.00 levels, noting that the EMA50 supports the suggested bearish wave.
The expected trading range for today is between 21.00 support and 21.70 resistance.
The expected trend for today: Bearish