Midday update for the AUDUSD 25-07-2022
The AUDUSD pair shows more bullish bias to breach 0.6910 level and move away from it, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting to test 0.6980 level initially, noting that breaching this level will extend the bullish wave to reach 0.7050 as a next main target, noting that holding above 0.6910 and 0.6875 levels is important to achieve the suggested targets.
The expected trading range for today is between 0.6900 support and 0.7000 resistance
The expected trend for today: Bullish
Midday update for Brent oil 25-07-2022
Brent oil price found solid support at 102.25, to trade positively now and achieve temporary intraday gains, waiting to get negative motive that assist to push the price to resume the bearish bias and confirm extending the expected bearish wave towards 99.30 followed by 95.00 levels, noting that the continuation of the rise and breaching 105.05 will stop the suggested negative scenario and push the price to achieve more gains in the upcoming sessions.
The expected trading range for today is between 99.50 support and 105.00 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 25-07-2022
Crude oil price trades with clear positivity to approach retesting the broken key support 95.40, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend scenario active for today, as breaching it is considered as the initial key to turn to rise, while the waited negative targets are located at 91.50 followed by 89.60.
The expected trading range for today is between 90.00 support and 95.50 resistance.
The expected trend for today: Bearish
Midday update for Silver 25-07-2022
Silver price resumes its positive trading now, motivated by the positive signal provided by stochastic, waiting for more rise to achieve our targets that start at 19.00 and extend to 19.60, depending on the formation of double bottom pattern that its signs appear on the chart, taking into consideration that the continuation of the bullish wave depends on the price stability above 18.60 and 18.30 levels.
The expected trading range for today is between 18.40 support and 19.00 resistance.
The expected trend for today: Bullish