Brent oil price approached from our waited target to reach 65.40, and bounced lower to move near 64.30 now, where it is affected by stochastic negativity, while the EMA50 keeps providing positive support for the price, to support the continuaton of the expected bullish trend scenario on the intraday and short term basis.

Therefore, we will keep preferring the overall bullish trend unless breaking 62.50 level and holding below it, pointing that surpassing the above mentioned target will push the price to achieve new targets that reach to 68.95.

The expected trading range for today is between 63.00 support and 66.00 resistance.

The expected trend for today: Bullish

Crude oil price settles below 60.00 level after the rise that witnessed in last Friday. Noticing that stochastic begins to get rise of its negative momentum in attempt to get a positive motive that assists to push the price to resume the bullish wave.

In general, we keep preferring the bullish trend that organized within the bullish channel that appears in the image, where our next target is located at 60.90, pointing that breaching this level will extend the bullish wave to reach 62.30 as a next main station, being aware that breaking 58.90 level will press on the price to test 58.05 levels and extend to 57.40 before any new attempt to rise.

The expected trading range for today is between 58.50 support and 61.20 resistance.

The expected trend for today: Bullish

Silver price continues to fluctuate near 16.96 level and keeps its stability above it, which keeps the bearish trend scenario valid until now, pointing that we are waiting for visiting 16.33 level as a next main target.

You should be aware that breaching 16.96 will lead the price to begin recovery attempts that target testing 17.60 levels initially.

The expected trading range for today is between 16.50 support and 17.10 resistance.

The expected trend for today: Bearish

Gold price provided slight positive trading in the last sessions to settle near 1475.00, noticing that stochastic lost its positive momentum to show a clear overbought signal, keeping the bearish correctional trend scenario valid and active in the upcoming period, organized within the bearish channel that appears in the image.

Note that breaking 1460.00 will ease the price mission to achieve our next negative targets that begin at 1447.00 and extend to 1413.10, while the bearish trend will remain valid unless the price rallied to breach 1489.00 level and holding above it.

The expected trading range for today is between 1455.00 support and 1485.00 resistance.

The expected trend for today: Bearish