Midday update for the AUDUSD 23-10-2020
The AUDUSD pair shows more bullish bias to approach the key resistance 0.7185, which urges caution from the upcoming trading, as breaching this level will stop the recently suggested negative scenario and push the price to achieve more gains on the intraday and short term basis, while the main target of the suggested bearish wave is located at 0.6964.
The expected trading range for today is between 0.7050 support and 0.7180
The expected trend for today: Bearish
Midday update for Brent oil 23-10-2020
Brent oil price shows additional positive trades to continue crawling towards the key resistance 43.30, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, which gets negative support by stochastic, noting that our main waited target reaches 40.23.
The expected trading range for today is between 41.00 support and 43.50 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 23-10-2020
Crude oil price settles around 40.80 level since morning, and as long as the price is below 41.60, our bearish overview will remain valid for today, supported by stochastic negativity, reminding you that we are waiting to visit 39.30 followed by 38.10 levels as next main stations.
The expected trading range for today is between 39.00 support and 42.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 23-10-2020
Silver price continues to fluctuate around the bullish channel’s support line, and we still need a confirmed break to this support to reinforce the expectations of continuing the bearish trend in the upcoming sessions, which targets 23.60 level mainly.
In general, the bearish trend scenario will remain valid and active unless breaching 25.06 level and holding above it.
The expected trading range for today is between 23.90 support and 25.20 resistance.
The expected trend for today: Bearish