Brent oil price’s sharp decline stopped at 82.30 level, starting today positively in attempt to cover some of the losses that it suffered in the previous sessions, targeting visiting 85.10 level mainly.

Therefore, we expect to witness positive trades today, supported by the positive overlapping signal that stochastic begins to provide now, noting that the consolidation of 83.65 level against the current bullish bias will stop the suggested positive scenario and press on the price to resume the negative trades.

The expected trading range for today is between 82.50 support and 85.50 resistance.

The expected trend for today: Bullish

Crude oil price provided more negative trades to approach 75.65 level, starting today with bullish bias that hints heading to achieve some expected intraday gains, motivated by stochastic current positivity.

Therefore, the bullish bias will be expected for today, and the main target is represented by testing 78.95 level, noting that breaking 75.65 will stop the suggested rise and press on the price to suffer more losses in the upcoming period.

The expected trading range for today is between 75.65 support and 79.00 resistance.

The expected trend for today: Bullish

Silver price breached 23.55 level strongly to open the way to resume the main bullish wave, starting today with additional bullish bias to gradually approach the first waited positive target at 24.55, noting that surpassing this level will push the price to 25.00 as a next main target.

Therefore, we expect to witness more rise in the upcoming sessions, noting that the continuation of the bullish wave requires holding above 23.65.

The expected trading range for today is between 23.90 support and 24.70 resistance.

The expected trend for today: Bullish

Gold price succeeded to achieve our waited target at 1950.00 and breached it to settle above it by today’s open, which supports the continuation of the bullish trend on the intraday and short term basis, noting that the next positive station reaches 2000.00$ barrier.

The EMA50 continues to support the suggested bullish wave, noting that breaking 1950.00 will stop the current rise and press on the price to achieve some temporary bearish correction before resuming the bullish wave again.

The expected trading range for today is between 1940.00 support and 1975.00 resistance.

The expected trend for today: Bullish