Brent oil price is testing the key resistance 83.87 and attempts to breach it, to hint heading to activate the positive scenario on the intraday basis, but it needs confirmed breach to this level to confirm the continuation of the rise, which keeps the sideways range dominant until the price manages to surpass one of its lines represented by the mentioned resistance and 83.87 support.

We remind you that breaching the resistance will push the price to achieve gains that start at 85.50 and extend to 86.74, while breaking the support represents the key to turn to decline and achieve negative targets that reach 77.44.

The expected trading range for today is between 82.30 support and 85.30 resistance.

Trend forecast: Sideways

Crude oil price settles around 79.40 after the negative pressure that it witnessed yesterday, as it consolidated above the bullish channel’s support line to keep the main bullish trend scenario active for the upcoming period, waiting to get positive motive that assist to push the price to resume the bullish wave and head to achieve positive targets that start at 80.95.

The EMA50 supports the price from below and reinforce the chances of continuing the positive scenario, noting that breaking 78.70 followed by 78.25 levels will push the price to start bearish correction on the intraday basis, its first target located at 77.30.

The expected trading range for today is between 78.25 support and 81.20 resistance

Trend forecast: Bullish

Silver price traded with clear positivity yesterday to approach our waited target at 24.60, and it is affected by stochastic current negativity to shows some temporary sideways fluctuation, waiting to resume the bullish wave and surpass the mentioned level to achieve additional gains that reach 25.00 followed by 25.50.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 23.70 and holding with a daily close below it.

The expected trading range for today is between 24.00 support and 24.70 resistance.

Trend forecast: Bullish

Gold price settles above 2144.60 level, noticing that stochastic begins to get rid of the negative momentum, waiting to get positive motive that assist to push the price to resume the expected bullish trend on the intraday and short-term basis, which targets 2165.00 followed by 2200.00 levels as next main stations.

Therefore, the bullish trend scenario will remain active for the upcoming period, supported by the EMA50 that carries the price from below, noting that breaking 2144.60 will push the price to start intraday bearish correction before turning back to rise.

The expected trading range for today is between 2140.00 support and 2175.00 resistance.

Trend forecast: Bullish