The pair made an attempt to breach above 0.9400 but it kept the stability below it, keeping the bearish trend scenario valid until now, waiting for targets begin at 0.9310 and extend towards 0.9200

Stochastic reaches the overbought levels reinforcing the expectations of resuming the decline.

Expected trading range for today is between: 0.9310 support and 0.9440 resistance.

Expected trend for today: Bearish

The pair confirmed breaking below 0.8455 achieving the bearish pattern’s targets that appear in our last report, reaching another key horizontal support that represents a neckline for a bigger double top pattern at 0.8360, where this pattern has targets reach towards 0.8040

Therefore, we must stay aside now in order to be certain from the price behavior according to the mentioned neckline and the resistance level 0.8425, where surpassing one of these levels will provide the keys of the next trend on the intraday and short term basis.

Expected trading range for today is between: 0.8260 support and 0.8550 resistance.

Expected trend for today: Neutral

The pair found good support at the sideways range’s support that appears in the image, which allows the price to achieve some bullish bounce that supported by Stochastic reaching the oversold area.

Therefore, the high risky traders can ride an intraday bullish wave from the current levels and targets begin at 1.0285 before attempting to breach above this barrier in order to open the way towards more upside track, being aware that breaking below 1.0145 will cause a decline which its targets begin at 1.000

Expected trading range for today is between: 1.0100 support and 1.0300 resistance.

Expected trend for today: Bullish, conditioned by stability above 1.0145

Crude oil’s trading is stuck between the resistance that appears in the red line and the critical support 94.65 which we depend on the stability above it to continue in our bullish trend expectations, where the price need some fluctuation to gather some positive momentum.

In general, we are continuing in our expectations for gains on the short term basis, reminding you that breaching above 97.10 will provide positive motive that opens the way initially towards the psychological barrier 100 per barrel.

Expected trading range for today is between: 94.20 support and 98.00 resistance.

Expected trend for today: Bullish