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Commodity Analysis from First Binary Option Service.

Crude oil Crude oil price settled around 109.50 after the bearish rebound yesterday, while the price remains stable above the previously breached resistance at 108.75, which keeps the overall positive overview valid until now, supported by stochastic entering the oversold area, to wait targets that main located at 113.30 Note that breaking below 108.75 will stop the positive overview and lead into an intraday turn with the trend to target 107.20 area initially and might extend to reach 102.65 Expected trading range for today is between 108.75 support and 112.00 resistance.

Expected trend for today: Bullish Silver Silver price couldn’t manage to settle above 25.00 for long time, fluctuating now near 24.00, as the price needs the positive momentum to resume rising again, and this is offered by stochastic now on the four hours time frame.

Therefore, the bullish trend will remain valid and active, supported by EMA50 from below, while achieving it requires settling above 23.55 Expected trading range for today is between: 23.55 support and 25.50 resistance. Expected trend for today: Bullish Gold Gold price approached the upside channel’s resistance line which meets our main target at 1450.00, to show some bearish bias now affected by stochastic negativity, and its important to monitor the next move, as breaking below 1394.00 will extend the bearish trend to reach 1340.00 levels before resuming the bullish trend again.

In general, the overall positive scenario remain valid, reminding you to monitor the price when reaching 1394.00 Expected trading range for today is between: 1390.00 support and 1460.00 resistance. Expected trend for today: Bullish

Thursday, 29 Aug, 2013 / 7:54

Source : https://www.firstbinaryoption.com

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