Crude oil price trades with bearish bias affected by Stochastic negativity, which forces the price for heading to test the initial support level at 94.65
In general, our sideways trading expectations remain valid and preferred, pointing that the main target for the current bearish wave is located at 92.75.
Expected trading range for today is between: 93.90 support and 97.70 resistance.
Expected trend for today: Sideways
Silver price fluctuates in tight range since morning, to continue in monitoring the price behavior in the upcoming trading waiting for surpassing one of the critical levels between 22.00 and 23.00
More details around the expected targets of the breach are explained in our morning report.
Expected trading range for today is between: 21.00 support and 24.00 resistance.
Expected trend for today: Depends on the abovementioned levels
Gold price shows some slight bullish bias since morning, and remains stuck between the mentioned levels in our morning report between 1353.00 and 1398.00, accordingly, our neutral attitude remains valid until managing to confirm breaching one of these levels.
Expected trading range for today is between: 1350.00 support and 1403.00 resistance.
Expected trend for today: Neutral
The pair rallied lower according to the expectations, attempting to settle below 1.5100, and that supports our morning scenario which remains valid and active for today, conditioned by the stability below 1.5190 – 1.5260
Expected trading range for today is between: 1.5000 support and 1.5260 resistance.
Expected trend for today: Bearish