Oil price remains stable above the critical support levels between 95.40-95.00, which encourages us to continue with our bullish overview on the intraday and short term basis, while stochastic attempts to get rid of the negative signs on the daily timeframe.

Therefore, we will wait for upside targets begin at 97.50 followed by 98.40, unless the above mentioned support levels were broken.

Expected trading range for today is between: 94.50 support and 97.50 resistance.

Expected trend for today: Bullish

Silver price was effected clearly with Stochastic negativity to drop and break 31.80, while EMA50 attempts to keep the chances of continuing the preferred bullish trend in our recent reports.

Breaking below 31.80 forces us to stay aside temporarily, where holding below it and then below 31.50 will push the price to more bearish move, therefore, we need to monitor the daily close according to the mentioned levels to be certain of the next trend on the intraday basis.

Expected trading range for today is between: 30.70 support and 32.50 resistance.

Expected trend for today: Neutral

Gold price continued to fall after breaking 1682.00, touching the targeted areas after the break, mainly 1660.00, this support is acting now a key gate for the intraday trading, as a break below it will open the way for the most important barrier at 1630.00

Stochastic shows clear oversold signals, to support the current levels’ strength, which encourages us to suggest bullish bias for today, targeting a test to 1680.00 level, and might extend to 1692.00, reminding you that settling above 1660.00 is important to achieve the waited gains.

Expected trading range for today is between: 1650.00 support and 1685.00 resistance.

Expected trend for today: Bullish 

The pair rallied to the upside sharply closing near 90.40, which represents the most important level for the short term and medium term trend, while it begins today’s trading attempting to breach this level, and these signs hint to a major turn with the trend into the upside, as a daily close above the mentioned level will provide an initial key to head towards 95.00

Now, we need to stop aside in order to monitor the dialy close and then to get confirmation signs for the next trend.

Expected trading range for today is between: 89.50 support and 91.65 resistance.

Expected trend for today: Neutral