Brent oil price decline stopped near 82.00$ barrier, and bounced upwards clearly to breach the minor bearish channel’s resistance that appears on the chart, which forms bullish flag pattern, considered as a positive motive that we expect to push the price to resume the main bullish trend, on its way to achieve positive targets that start at 84.20 followed by 85.15.

Therefore, the bullish trend will be expected for today, and consolidating above 83.15 represents the first condition to continue the suggested rise, as breaking it might press on the price to visit 81.85 areas again before determining the next destination clearly.

The expected trading range for today is between 82.00 support and 85.00 resistance.

The expected trend for today: Bullish

Crude oil price managed to achieve our first waited negative target at 79.40, and bounced bullishly from there to hint heading to regain the main bullish trend, as it completed forming bullish flag pattern that its signs appear on the chart, and it breaches this pattern’s resistance now to get positive motive that we expect to push the price to achieve more rise in the upcoming sessions.

Therefore, the bullish trend will be suggested in the upcoming sessions supported by the EMA50 that keeps carrying the price from below, noting that breaking 79.40 will stop the expected rise and press on the price to suffer additional losses.

The expected trading range for today is between 79.60 support and 82.50 resistance.

The expected trend for today: Bullish

Silver price surpassed 22.90 level and approached the main bearish channel’s resistance, but it rebounds bearishly to hint heading to resume the main bearish trend, waiting to build bearish wave that targets heading towards 21.65 areas initially.

Stochastic shows negative signals that support the expected decline, which will remain valid unless the price rallie to breach 23.30 and hold above it, noting that breaking 22.90 is required to ease the mission of continuing the suggested bearish wave.

The expected trading range for today is between 22.40 support and 23.30 resistance.

The expected trend for today: Bearish

Gold price rally stopped below 1797.00, as it faced cluster of resistance lines that appear on the chart, accompanied by witnessing overbought signals by stochastic, to form negative factors that we expect to press on the price to rebound bearishly in the upcoming sessions.

Therefore, we expect to witness negative trades today, and the first main target is represented by testing 1770.00 level, taking into consideration that breaching 1797.00 will stop the expected decline and lead the price to achieve new rises that reach 1825.15.

The expected trading range for today is between 1770.00 support and 1800.00 resistance.

The expected trend for today: Bearish