Brent oil price begins today with bearish gap and strong decline to break 80.80 and reach 79.00 barrier now, to reactivate the correctional bearish trend, on its way to achieve negative targets that start at 77.70, noting that breaking this level will extend the bearish wave to reach 75.20 as a next main station.

Therefore, the bearish bias will be suggested for today unless the price rallied to breach 80.80 and hold above it.

The expected trading range for today is between 77.50 support and 80.50 resistance.

The expected trend for today: Bearish

Crude oil price opens today’s trading with strong decline to touch the first negative target at 76.40 and attempts to break it, which supports the chances of extending the correctional bearish wave, paving the way to head towards the next correctional level at 73.60.

Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the negative pressure formed by the EMA50, taking into consideration that failing to confirm breaking 76.40 will push the price to achieve intraday gains that target testing 78.95 areas again before any new attempt to decline.

The expected trading range for today is between 74.50 support and 77.50 resistance.

The expected trend for today: Bearish

Silver price’s recent trades are confined within minor rising wedge pattern that appears on the chart, thus, the price needs to break 23.55 to activate the negative effect of this pattern and rally towards our targets that start at 23.15 and extend to 22.25 after breaking the previous level.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 24.20 and holding above it.

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

The expected trend for today: Bearish

Gold price trades with clear positivity now, to test 1797.00 level and attempts to breach it, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend active, which targets 1770.00 mainly.

Note that breaching 1797.00 and holding above it will push the price to achieve additional gains and test 1825.15 before any new attempt to decline.

The expected trading range for today is between 1780.00 support and 1815.00 resistance.

The expected trend for today: Bearish