Brent oil price settles at the key level 80.80, and we still waiting to get confirmation signal for the next trend, as we continue to monitor the price behavior according to the mentioned level to detect the next targets clearly.

Note that breaking the mentioned support will press on the price to return to the correctional bearish track that its next main target located at 77.70, while breaching 81.75 will push the price to achieve new gains that start at 83.45 and extend to 85.80.

The expected trading range for today is between 79.50 support and 82.50 resistance.

The expected trend for today: Neutral

Crude oil price didn’t show any strong move since yesterday, to fluctuate around the EMA50, keeping its stability below 78.95, therefore, no change to the bearish trend scenario that depends on the price stability below the mentioned level and the most important below 79.85, reminding you that our first main target is located at 76.40.

The expected trading range for today is between 76.40 support and 79.50 resistance.

The expected trend for today: Bearish

Silver price shows sideways and tight trades since yesterday, noticing that stochastic loses its positive momentum gradually, while the EMA50 forms negative pressure against the price, which makes us keep our bearish overview that depends on the price stability below 24.20, noting that we are waiting to visit 23.15 followed by 22.25 levels on the near term basis.

The expected trading range for today is between 23.00 support and 24.00 resistance.

The expected trend for today: Bearish

Gold price shows positive trades to approach testing the key resistance 1797.00, accompanied by stochastic loss to the positive momentum and approaching the overbought areas, waiting to motivate the price to resume the negative trades that target testing 1770.00 level as a next station.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1797.00 and holding above it, as breaching this level will lead the price to start recovery attempts and visit 1825.15 areas initially.

The expected trading range for today is between 1770.00 support and 1805.00 resistance.

The expected trend for today: Bearish