The pair declined sharply yesterday and achieved a break to the bullish support followed by breaking 1.0485 which represents the neckline for a double top pattern, this pattern has a full bearish targets reach to 1.0365

Accordingly, the bearish bias will remain preferred for today but temporarily, where we must monitor the price when reaching the mentioned target, as breaking it will lead to a continuous decline might extend to reach 1.0215, on the other hand, rising and breaching above 1.0510 will turn the price back to the bullish channel again. 

Expected trading range for today is between: 1.0300 support and 1.0510 resistance.

Expected trend for today: Bearish

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