Brent oil price crawls downwards calmly, and the technical indicators keep providing the negative signals, waiting for more decline to test 75.66$ initially, reminding you that breaking this level will push the price towards 74.00$ as a next target.

In general, the bearish trend scenario will remain valid and active for today unless the price rallied to breach 77.05$ and hold above it.

The expected trading range for today is between 74.90$ support and 77.90$ resistance.

Trend forecast: Bearish

Crude oil price shows weak trades since morning and settles around 73.00$ level, waiting to get negative motive that push the price to continue the decline and test 72.30$ initially, which breaking it represents the key to rally towards our negative targets that start at 71.2$ and extend to 70.30$.

Therefore, the bearish trend scenario will remain active for today unless breaching 73.90$ and holding above it.

The expected trading range for today is between 71.20$ support and 74.20$ resistance

Trend forecast: Bearish

Silver price shows additional positive trades despite the negative momentum that appears through stochastic, to support the expectations of continuing the bullish trend for the rest of the day, reminding you that we are waiting to test 32.86$ as a next main target, noting that breaching it will open the way to rally towards 34.00$ on the near-term basis, while the expected rise will remain valid unless breaking 31.63$ and holding below it.

The expected trading range for today is between 31.85$ support and 32.86$ resistance.

Trend forecast: Bullish

Gold price continues to rise to confirm breaching 2850.00$ level, and the way is open to head towards our main waited target at 2900.00$, to keep the bullish trend valid and active for today, organized by the bullish channel that appears on the chart, reminding you that the continuation of the bullish wave requires holding above 2835.00$.

The expected trading range for today is between 2835.00$ support and 2875.00$ resistance.

Trend forecast: Bullish

Read more: Gold Breaks $2,800: Time to Act Now Before 2025 Launches It Past $3,000?