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Technical Analysis- commodities- First Binary Option Service.

Oil Crude oil price found good resistance at the EMA50, which supports the continuation of the sideways trading on the intraday basis, where we remain suggesting the domination of the sideways range between 108.75 resistance and 106.00 support. Stochastic negativity supports the chances of providing some bearish bias now, and we remind you to monitor the price behavior when attempting to surpass one of the mentioned sideways range’s lines, where breaking the mentioned support will make the decline extend towards 102.65, while breaching the resistance will provide positive motive to visit initially 110.70 then 111.80 Expected trading range for today is between 105.50 support and 109.00 resistance.

Expected trend for today: Sideways Silver Silver price couldn’t settle for long time above 23.00, and returns to trade with bearish bias heading towards new test to the falling wedge’s support which appears in the above chart, which located at 22.75 Stochastic and EMA50 negativity are factors that make us prefer staying aside temporarily, until being certain from the price behavior according to the critical levels, which are represented by 22.75 support and 23.50 resistance, where breaking the mentioned support will lead to a decline reach towards 21.00, while breaching the resistance will activate the positive effect of the mentioned wedge pattern and then reinforce the chances of resuming the overall bullish trend. Expected trading range for today is between: 22.00 support and 24.00 resistance.

Expected trend for today: Neutral Gold Gold price fluctuates at the bullish channel’s support since yesterday, and attempts to press negatively on it, while the daily close remains above this level, which makes us continue in our overall positive expectations, which gets support from the EMA50 and Stochastic. Carefully note that confirming breaking 1358.00 will push the price to test initially 1340.00 Expected trading range for today is between: 1340.00 support and 1400.00 resistance. Expected trend for today: Overall Bullish Expected trend for today: Neutral

Thursday, 12 Sep, 2013 / 7:46

Source : https://www.firstbinaryoption.com

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