Brent oil price rebounds bullishly after approaching 72.06$ in the previous sessions, to head towards achieving expected gains on the intraday basis, noting that the first station is represented by testing 73.90$, which breaching it represents the key to rally towards 75.36$ as a next positive target.

Therefore, the bullish trend will be expected for today, noting that breaking 72.06$ will stop the positive scenario and push the price to suffer new losses that reach 71.00$ as a next negative station.

The expected trading range for today is between 72.10$ support and 75.10$ resistance.

Trend forecast: Bullish

Crude oil price found solid support at 68.64$, to some positive trades and head towards building expected bullish wave on the intraday basis, targeting visiting 70.58$ mainly.

Therefore, the bullish bias will be suggested for today, noting that breaching the targeted level will extend oil price gains to reach 72.14$ on the near-term basis, while breaking 68.64$ will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 68.00$ support and 71.00$ resistance

Trend forecast: Bullish

Silver price trades with clear positivity by today’s open, to test 30.63$ level and attempts to breach it, which hints heading to recover in the upcoming sessions and achieve gains that we expect to reach 31.63$ as a next main station.

Therefore, the bullish trend will be suggested for today, taking into consideration that failing to breach 30.63$ will force the price to decline again to head towards visiting 29.63$ initially.

The expected trading range for today is between 30.30$ support and 31.10$ resistance.

Trend forecast: Bullish

Gold price opens today’s trading with clear positivity to breach 2646.00$ level and settle above it, and by taking a deeper look at the chart, we find that the price completes forming double bottom pattern that we expect to motivate the price to achieve more gains in the upcoming sessions, to head towards visiting 2700.00$ areas as a first main station.

Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 2649.00$ will stop the positive scenario and push the price to decline again.

The expected trading range for today is between 2645.00$ support and 2685.00$ resistance.

Trend forecast: Bullish