Trading news

Oil is stuck. Silver approaching resistance. Gold maintains stability.

The oil trading chart shows how the price of oil trading was suspended between the levels of instantaneous pivotal support between 105.15 and 104.15, and 106.35 resistance, which makes us keep our neutral awaiting skip one of these levels.

The trading range expected for today is between: Support 103.50 and 107.50 resistance General tendency is expected for today: neutral Silver Price of silver has kept stable on the daily closing above 20.05 to give some slight positive trend heading towards the descending channel's resistance level at 20.50, where we wait for a break of this level, which will open the way along the uptrend.

Therefore, the upward trend will remain valid and effective, provided stability above 20.05-19.80 levels The trading range expected for today is between: Support and resistance 22.00 19.50 General tendency expected for today: UP Gold The price of gold has maintained its stability above the channel resistance level previously breached, being new attempts to breach the level of 1340.00; where this level represents an important key to the continuation of the bullish trend towards 1400.00 zones Negative stochastic causes to slow positive trades; while the outlook remains bullish direction effective.

The trading range expected for today is between: support at 1308.00 and resistance 1370.00 General tendency expected for today: UP

Friday, 26 Jul, 2013 / 6:58

Source : https://www.firstbinaryoption.com

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