Midday update for the AUDUSD 28-07-2022
The AUDUSD pair leans on the support base formed above 0.6980 to start rising again, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and the way is open to head towards our next target at 0.7050, reminding you that it is important to hold above the mentioned support to continue the suggested rise.
The expected trading range for today is between 0.6950 support and 0.7050 resistance
The expected trend for today: Bullish
Midday update for Brent oil 28-07-2022
Brent oil price keeps its stability above the breached resistance of the bearish channel, to keep the bullish trend scenario active for today, supported by moving above the EMA50, waiting to visit 109.55 as a first target, reminding you that breaching it will extend the bullish wave to reach 112.35, while holding above 106.75 represents key condition to achieve the suggested targets.
The expected trading range for today is between 106.50 support and 110.50 resistance.
The expected trend for today: Bullish
Midday update for Crude oil 28-07-2022
Crude oil price fluctuates around 98.25 level, attempting to breach it now, waiting to confirm the breach to open the way to achieve additional gains that reach 100.60 followed by 103.60 levels mainly, noting that the EMA50 supports the expected rise, which will remain valid unless breaking 95.70 and holding below it.
The expected trading range for today is between 96.00 support and 100.60 resistance.
The expected trend for today: Bullish
Midday update for Silver 28-07-2022
Silver price resumes its positive trading to reach the second waited target at 19.60, and we expect breaching this level affected the positive pattern that appears on the chart to open the way to head towards 20.00 as a next target, to keep the bullish trend active unless breaking 19.00 and holding below it.
The expected trading range for today is between 19.00 support and 19.70 resistance.
The expected trend for today: Bullish