Brent oil price’s rise stopped at 96.00$ barrier, to rebound downwards clearly and break the intraday bullish channel’s support line that appears on the chart, noticing that the price begins today with additional strong decline to confirm starting bearish correction for the rise measured from 82.00 to 96.05, waiting to visit 92.74 as a first station.

Therefore, we expect to witness more decline in the upcoming sessions, taking into consideration that breaching 94.10 will stop the current negative pressure and lead the price to attempt to resume the main bullish trend again.

The expected trading range for today is between 91.80 support and 94.90 resistance.

The expected trend for today: Bearish

Crude oil price managed to achieve our first target at 92.45 and approached 93.00$ barrier, but it bounced downwards strongly to start bearish correction for the rise that started from 77.85 aeras, on its way to test 89.36 level initially, noting that breaking this level will extend the correctional bearish wave to reach 87.16 areas on the near-term basis.

Therefore, the bearish bias will be suggested for today, noting that breaching 90.95 will stop the expected decline and lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 88.50 support and 91.40 resistance.

The expected trend for today: Bearish

Silver price trades negatively to approach testing the key support base 23.00, noticing that stochastic reaches the oversold areas, which supports the chances of resuming the expected bullish trend for the upcoming period, reminding you that our next main target is located at 23.70.

We should note that breaking 23.00 will stop the expected rise and push the price to turn to decline, to head towards visiting 22.25 areas initially.

The expected trading range for today is between 22.90 support and 23.60 resistance.

The expected trend for today: Bullish

Gold price faces negative pressure to retest the breached neckline of the inverted head and shoulders’ pattern that appears on the chart, accompanied by stochastic reach to the oversold areas and approaching to overlap positively, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets visiting 1945.20 mainly.

Therefore, we will continue to suggest the bullish trend on the intraday basis, supported by moving above the EMA50, reminding you that breaking 1929.00 will stop the expected rise and put the price under the negative pressure again.

The expected trading range for today is between 1920.00 support and 1950.00 resistance.

The expected trend for today: Bullish