The pair wasn’t able to hold long above 1.0550, to be trading again near the bullish channel support which is located now at 1.0500.

In general, the stability of the trading inside this channel keeps the general bullish trend valid and active, and the targets still starting at 1.0700, being aware that breaking 1.0500 and followed by 1.0485 will open the way for heading towards 1.0365.

Expected trading range for today is between: 1.0485 support and 1.0700 resistance.

Expected trend for today: Bullish

Crude oil’s trading bounced sharply to the downside after approaching from 97.00, to retest 95.40, and as we mentioned in our recent reports, holding above this level and above 95.00 is considered as the main key for continuing the positive intraday trading.

Stochastic is pushing negatively on the intraday trading.

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

Expected trend for today: Bullish

Silver price found a solid resistance near 32.50 forcing it to bounce lower approaching from the recent breached 31.80, as long as the trading remained above this level, the intraday bullish trend will stay valid, supported by EMA50.

Stochastic negativity interprets the causes of the current declining, and the target now is gathering enough positive momentum to support resuming the preferred bullish bias generally for today. 

Expected trading range for today is between: 31.80 support and 33.15 resistance.

Expected trend for today: Bullish

Gold declined yesterday after a continuous stability for 1692.00, where it is testing now the minor support level around 1682.00, which represents the meeting of the minor bullish trend line and EMA50.

Stochastic enters the oversold levels, that provide a support for the chances of the bullish trend return again, and this encourages us to prefer the intraday bullish trend which remains valid unless 1682.00 was broken and held below it.

The waited targets starting at 1692.00 followed by 1704.00

Expected trading range for today is between: 1670.00 support and 1704.00 resistance.

Expected trend for today: Bullish