Brent Oil Price Analysis

Expected Scenario

• Brent oil price begins to break 85.80$ now, to support the expectations of continuing the correctional bearish trend, paving the way to head towards 84.10$ that represents 38.2% Fibonacci correction level for the rise that appears on the chart.
• Therefore, we expect to witness more decline in the upcoming sessions conditioned by the price stability below 86.75$.

Expected Trading Range

Between 84.20$ support and 87.20$ resistance.

Crude Oil Price Analysis

Expected Scenario

• Crude oil price shows additional negative trades to touch 81.84$ and attempts to break it, reinforcing the expectations of continuing the domination of the bearish trend in the upcoming sessions, affected by the previously completed double top pattern, reminding you that our next target reaches 80.08$.
• The EMA50 supports the continuation of the suggested bearish wave, which will remain valid unless breaching 82.75$ and holding above it.

Expected Trading Range

Between 80.30$ support and 83.40$ resistance.

Silver Price Analysis

Expected Scenario

• Silver price is attempting to breach 31.00$ level, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting to visit 31.50$ that represents our next target, noting that stochastic continues to provide the positive signals that we are waiting to motivate the price to confirm the breach and achieve the waited targets.
• The EMA50 supports the suggested bullish wave, which requires the price consolidation above 31.00$ to guarantee the continuation of the expected rise.

Expected Trading Range

Between 30.60$ support and 31.50$ resistance.

Gold Price Analysis

Expected Scenario

• Gold price shows weak trades since morning, while stochastic continues to provide the positive signals, waiting to motivate the price to resume the expected bullish trend for today, reminding you that our next main target reaches 2400.00$, while holding above 2340.10$ represents major condition to the continuation of the suggested rise.

Expected Trading Range

Between 2350.00$ support and 2385.00$ resistance.