Brent oil price ended yesterday above 75.66$ level, and surpassed the bearish channel’s resistance line that appears on the chart to head towards achieving more expected rise on the intraday basis, targeting testing 77.00$ mainly.

Crude oil price shows more bullish bias to trade around the EMA50, noticing that the price is forming positive pattern that might assist to continue the rise and breach the key resistance at 72.30$ to open the way to achieve more gains in the upcoming sessions, but we notice that the technical indicators provide negative signals that might push the price to decline again.

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Silver price continued to rise to succeed touching our waited target at 32.86$, noticing that the price rebounds bearishly by today’s open to head towards potential test to the minor support 32.25$, noting that breaking this level will push the price to continue the decline and test 31.80$ areas before any new positive attempt.

Gold price succeeded to achieve our waited target at 2938.00$ and found solid resistance there, to show some bearish bias by today’s open, affected by stochastic negativity, and it might head to test the key support base around 2905.00$ before attempting to return to rise again.