Brent oil price opens today’s trading with new bullish rally to surpass 76.00 barrier, reinforcing the expectations of achieving more gains in the upcoming period, and the way is open to visit 77.80 level that represents our next main target.

Therefore, the bullish trend scenario will remain valid and active supported by the EMA50, reminding you that it is important to hold above 74.70 to continue the expected rise.

The expected trading range for today is between 75.00 support and 78.00 resistance.

The expected trend for today: Bullish

Crude oil price shows more bullish bias to surpass 72.00 barrier and settles above it, which supports the expectations of continuing the bullish trend, which targets 73.30 as a next station, noting that the EMA50 protects trades inside the bullish channel that appears on the chart, to support the chances of surpassing the mentioned level and extend the bullish wave towards 75.00 areas on the near term basis.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 71.05 and holding below it.

The expected trading range for today is between 71.05 support and 74.00 resistance.

The expected trend for today: Bullish

Silver price bounced downwards clearly after testing 22.90 in the previous sessions, as the EMA50 formed good negative pressure to protect the recently suggested negative scenario, waiting for more decline to visit 21.65 followed by 20.75 levels as next main targets.

Therefore, the bearish trend will remain suggested conditioned by the price stability below 22.90, noting that breaking 22.30 will ease the mission of achieving the waited targets.

The expected trading range for today is between 22.10 support and 22.90 resistance.

The expected trend for today: Bearish

Gold price bounced downwards strongly after consolidating below the broken neckline of the head and shoulders’ pattern that appears on the chart, to keep the negative effect of this pattern active, as the price broke 1770.00 level and settled below it, to reactivate the bearish trend scenario that targets 1735.00 as a next main station.

Therefor, the bearish bias will remain suggested for the upcoming sessions conditioned by the price stability below 1770.00 and the most important below 1780.00.

The expected trading range for today is between 1740.00 support and 1780.00 resistance.

The expected trend for today: Bearish