Brent oil price traded with clear positivity to breach 77.05$ and attempt to hold above it, which leads that price to achieve expected gains on the intraday basis, targeting visiting 78.40$ as a next positive station.

Breaching the minor resistance at 77.45$ will ease the mission to rally towards the suggested target, while breaking 77.05$ will stop the bullish bias and push the price to return to the correctional bearish track again.

The expected trading range for today is between 76.00$ support and 79.00$ resistance.

Trend forecast: Bullish

Crude oil price closed yesterday above 73.90$ level, to attempt to build bullish wave on the intraday basis and head towards achieving expected gains in the upcoming sessions, targeting testing 75.52$ mainly.

Therefore, the bullish bias will be suggested for today, noting that breaking 73.90$ and holding below it will push the price to resume the correctional bearish track and head towards 72.30$ as a next negative station.

The expected trading range for today is between 72.80$ support and 75.80$ resistance

Trend forecast: Bullish

Silver price managed to touch 31.63$ level to find solid resistance there, as it showed temporary bearish rebound affected by stochastic negativity, waiting to get positive motive that assist to push the price to breach this level and continue the rise within the bullish channel that appears on the chart, noting that the next targets extend to 32.86$.

The positive support provided by the EMA50 reinforces the expectations of continuing the bearish trend, reminding you that it is important to hold above 30.63$ to continue the suggested rise.

The expected trading range for today is between 31.00$ support and 31.95$ resistance.

Trend forecast: Bullish

Gold price surpassed 2790.00$ level to record new historical levels, and begins to test 2800.00$ barrier now, waiting to breach this level to head towards the bullish channel’s resistance line at 2808.20$, noting that breaching this level will extend the bullish wave to reach 2850.00$ areas on the near-term basis.

Stochastic current negativity might cause temporary sideways fluctuation before resuming the bullish wave, noting that breaking 2790.00$ will put the price under negative pressure on the intraday basis and might head to visit 2756.30$ areas before any new positive attempt.

The expected trading range for today is between 2780.00$ support and 2820.00$ resistance.

Trend forecast: Bullish