Brent oil price rallied upwards yesterday to approach 80.96 level, but it bounced bearishly to keeps the bearish trend scenario valid for the upcoming period, waiting to test 78.90 as a first negative station, noting that breaking this level will push the price to 77.70 as a next main target.

Therefore, we will continue to suggest the bearish trend on the intraday basis, taking into consideration that breaching 80.96 will push the price to regain the bullish track and head towards achieving new gains that reach 82.00 areas initially.

The expected trading range for today is between 77.70 support and 80.50 resistance.

The expected trend for today: Bearish

Crude oil price attempted to breach 76.10 level, as it provided sudden positive trades yesterday, but it closed the daily candlestick below this level and below the bullish channel’s support line, which keeps the bearish trend scenario valid on the intraday basis, which its next target located at 73.80.

The positivity of the technical indicators hinders the mission to decline, waiting to get negative motive that assist to push the price to achieve the waited targets, reminding you that breaching 76.10 will stop the suggested bearish wave and lead the price to resume the bullish trend that its next targets reach 78.00 followed by 78.90.

The expected trading range for today is between 73.80 support and 76.80 resistance.

The expected trend for today: Bearish

Silver price resumed its positive trades to gradually approach our first waited target at 25.50, waiting for more rise to achieve additional gains that reach 26.07 in the upcoming period.

The EMA50 supports the price from below and reinforce the chances of continuing the expected bullish wave, noting that breaking 24.60 will stop the bullish trend and push the price to return to the correctional bearish track again.

The expected trading range for today is between 24.90 support and 25.60 resistance.

The expected trend for today: Bullish

Gold prices breached 1977.25 level clearly and closed the last four hours’ candlestick above it, which supports the continuation of the expected bullish trend scenario on the intraday and short-term basis, and the way is open to achieve our new targets that start at 2000.00 followed by 2016.90.

The bullish channel organizes the suggested bullish wave, which gets good support by the EMA50, noting that breaking 1977.25 will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 1970.00 support and 2005.00 resistance.

The expected trend for today: Bullish