Brent oil price opens today’s trading with new strong rise to approach our waited positive target at 66.00, and we expect the continuation of the bullish wave on the short term and medium term basis to target 67.55 as a next main station.

Therefore, the bullish trend scenario will remain valid for the upcoming period, supported by the EMA50 that protects trading inside the bullish channel that appears on the chart, noting that breaking 64.45 will stop the bullish rally and press on the price to achieve some temporary bearish correction before turning back to rise again.

The expected trading range for today is between 64.00 support and 66.50 resistance.

The expected trend for today: Bullish

Crude oil price traded with strong positivity yesterday, and it touched 62.00$ barrier by today’s open, which supports the continuation of the main bullish trend scenario, organized inside the bullish channels that appear on the chart, waiting for more rise that its next main target located at 63.35.

Therefore, we expect witnessing more bullish bias in the upcoming sessions supported by the EMA50, noting that holding above 59.75 is important to achieve the waited targets.

The expected trading range for today is between 60.50 support and 63.35 resistance.

The expected trend for today: Bullish

Silver price trades positively to retest the previously broken support line that turns into resistance now at 27.50, noticing that stochastic meets this resistance to add more strength to it, while stochastic enters the overbought areas.

Therefore, the bearish trend will remain expected for the upcoming period conditioned by the price stability below 27.50, reminding you that our waited targets begin at 26.00 followed by 25.50.

The expected trading range for today is between 26.60 support and 28.00 resistance.

The expected trend for today: Bearish

Gold price begins today with bullish bias to test minor resistance level formed at 1785.00, affected by stochastic positivity, while the price still inside the bearish channel that appears on the chart, falling under continuous negative pressure coming by the EMA50.

Therefore, these factors make us continue to suggest the overall bearish trend, which its next target located at 1765.00, which breaking it represents the key to extend Gold price losses to reach 1740.00 as a next negative station, taking into consideration that breaching 1785.00 and holding above it will push the price to start intraday bullish correction and achieve some temporary gains before turning back to decline again.

The expected trading range for today is between 1760.00 support and 1800.00 resistance.

The expected trend for today: Bearish