Midday update for the AUDUSD 22-10-2021
The AUDUSD pair bounced upwards clearly after leaning on 0.7455 level, to head towards regaining the main bullish trend followed by achieving positive targets that start at 0.7545 and extend to 0.7615, making the bullish bias suggested for the rest of the day, noting that breaking 0.7455 will stop the expected rise and press on the price to achieve more bearish correction.
The expected trading range for today is between 0.7455 support and 0.7545 resistance
The expected trend for today: Bullish
Midday update for Brent oil 22-10-2021
Brent oil price trades positively and attempts to confirm exiting the intraday bearish channel that appears on the chart, as it gets positive support by the EMA50, which makes us prefer to stay aside until the price confirms its situation according to 84.00 level to detect the next destination clearly.
Note that holding above the mentioned level will push the price to achieve new gains that start at 85.55 and extend to 88.00, while trading below it again will reactivate the negative scenario that its main target located at 82.20.
The expected trading range for today is between 82.50 support and 85.40 resistance.
The expected trend for today: Neutral
Midday update for Crude oil 22-10-2021
Crude oil price shows clear positive trades to attack 82.65 level, which urges caution from the upcoming trading, as confirming breaching this level will stop the morning suggested negative scenario and lead the price to turn to rise again, to head towards visiting 84.40 areas initially.
The expected trading range for today is between 80.70 support and 83.50 resistance.
The expected trend for today: Bearish
Midday update for Silver 22-10-2021
Silver price trades with clear positivity to breach 24.20 level and attempts to hold above it, affected by stochastic positivity that appears clearly on the four hours’ time frame, which leads the price to regain the bullish trend and head to achieve additional gains for the rest of the day, on its way to visit 25.05 mainly.
Therefore, we expect to witness more rise in the upcoming sessions unless breaking 24.20 and holding below it again.
The expected trading range for today is between 24.00 support and 24.70 resistance.
The expected trend for today: Bullish for the rest of the day