Brent oil price traded with strong positivity on last Friday to approach 67.00 barrier, which supports the continuation of our bullish overview efficiently in the upcoming period, as the price is affected by the previously completed inverted head and shoulders’ pattern, which targets 68.00 followed by 72.65 levels as next main stations.

The EMA50 supports the suggested bullish wave, which its continuation conditions holding above 63.95. and 63.10 levels.

The expected trading range for today is between 65.00 support and 68.00 resistance.

The expected trend for today: Bullish

Crude oil price keeps rising gradually and keeps its stability above 56.00 level, organized inside the bullish channel that appears on the chart, supported by the EMA50 that carries the price from below.

Therefore, we believe that the way is open to achieve more rise in the upcoming sessions, as our next target is located at 57.46, which breaching it represents the key to rally towards 65.00 on the near term basis, while holding above 54.50 represents major condition to achieve the waited targets.

The expected trading range for today is between 55.00 support and 58.00 resistance.

The expected trend for today: Bullish

Silver price breached 15.75 level and settled above it, to turn to rise on the intraday basis, targeting testing 61.8% Fibonacci correction level at 16.00 again.

Therefore, the bullish bias will be suggested for today, noting that breaching the targeted level will extend silver price gains to reach 16.50 as a next station, while breaking 15.62 will stop the bullish wave and press on the price to decline again.

The expected trading range for today is between 15.60 support and 16.00 resistance.

The expected trend for today: Bullish

Gold price confirmed breaching 1316.65 level after ending last week above it, to head towards achieving more expected gains in the upcoming period, organized inside the bullish channel that appears on the chart, supported by the EMA50, noting that our next targets located at 1247.50 followed by 1365.05.

We should note that the continuation of the suggested bullish wave depends on the price stability above 1305.00.

The expected trading range for today is between 1310.00 support and 1347.00 resistance.

The expected trend for today: Bullish