Brent oil price approached from our waited target at 61.71, and opens today with a bullish price gap that puts the price near the critical resistance at 64.00, which provides signals for the price attempt to regain the bullish trend and compensate the losses that suffered in the last sessions.

The price faces contradiction between stochastic positivity and the negative pressure that comes from the EMA50, which makes us stay aside temporarily until getting clearer signal for the next trend, which we will get it by breaching one of the critical levels that represented by 61.70 support and 64.00 resistance.

Note that breaching the mentioned resistance will lead the price to achieve positive targets that begin at 65.40 and extend to 67.68, while breaking the support will push the price to keep declining and head to 61.08 then 60.00 as a next main station.

Expected trading range for today is between 62.00 support and 65.40 resistance.

Expected trend for today: Depends on the above mentioned levels

Crude oil price found strong support at 58.60 level, which stopped the sharp decline that happened in last Friday, to approach now from testing 60.14 level that turns into an important resistance after breaking it previously, noticing that there is contradiction between stochastic positivity and the negative pressure that comes from the EMA50, which makes us prefer staying aside until getting clearer confirmation signal for the next trend.

The next trend keys are represented by 58.60 support and 60.14 resistance, pointing that breaking the mentioned supported will push the price to suffer more of the losses that reach 56.08 as a next station, while breaching the resistance will lead the price to begin recovery attempts and regain the main bullish trend, and the targets begin at 61.40 and extend to 62.65 on the near term basis.

Expected trading range for today is between 58.00 support and 62.00 resistance.

Expected trend for today: Depends on the above mentioned levels

Silver price provides calm positive trading after approaching form the bullish trend line that appears in the above chart, motivated by stochastic positivity that appears on the daily time frame, which shows that the price in its way to achieve more of the gains in the upcoming period, and the brice needs to breach 16.56 level to confirm opening the way towards 17.43 as a next main target.

Therefore, the bullish trend will be expected for today unless witnessing clear break and holding below 16.10 level.

Expected trading range for today is between 16.20 support and 16.70 resistance.

Expected trend for today: Bullish

Gold price begins today’s trading with clear bullish bias after the attempts to break 1316.48 level in the upcoming sessions, which signals that the price attempts to regain the main bullish trend, waiting for testing 1335.40 level initially.

Therefore, the bullish trend will be preferred for today, supported by stochastic positivity, and breaching the mentioned level will push the price to achieve more of the gains that reaches to 1365.97 as a next main station, while breaking 1316.48 represents negative factor that will push the price to extend its bearish correction to 1301.20 before any new attempt to rise.

Expected trading range for today is between 1310.00 support and 1340.00 resistance.

Expected trend for today: Bullish