Midday update for the AUDUSD 31-01-2023
The AUDUSD pair shows more bearish bias to test 0.7000 barrier, to keep the bearish trend scenario active for today, which targets testing 0.6945 mainly, reminding you that the continuation of the bearish bias depends on the price stability below 0.7060.
The expected trading range for today is between 0.6970 support and 0.7075 resistance
The expected trend for today: Bearish
Midday update for Brent oil 31-01-2023
Brent oil price continues to decline to approach 83.00 barrier, waiting for more bearish bias to achieve our main expected negative target at 81.30, to keep the bearish trend scenario valid and active for the rest of the day conditioned by the price stability below 85.10.
The expected trading range for today is between 82.30 support and 85.50 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 31-01-2023
Crude oil price shows more bearish bias to approach our main waited target at 75.65, and we expect to continue the decline to surpass this level and suffer more losses on the intraday and short term basis, to keep the negative scenario dominant in the upcoming sessions unless the price rallied to breach 78.95 and hold above it.
The expected trading range for today is between 75.65 support and 79.00 resistance.
The expected trend for today: Bearish
Midday update for Silver 31-01-2023
Silver price declined strongly to break 23.55 and reach 23.05, and we suggest the continuation of the negative pressure to break this level and suffer additional losses that reach 22.55 as a next negative station, to make the bearish bias suggested in the upcoming sessions, noting that consolidating above 23.05 will lead the price to start recovery attempts and achieve gains that start by testing 23.70 areas.
The expected trading range for today is between 22.80 support and 23.40 resistance.
The expected trend for today: Bearish