Brent Oil Price Analysis

Expected Scenario

• Brent oil price fluctuates around 81.75$ level since morning, and as long as the price is below 82.40$, the bearish trend will remain suggested for today, supported by the negative overlapping signal provided by stochastic, waiting to motivate the price to decline towards 80.08$ as a next main target.

Expected Trading Range

Between 79.80$ support and 82.50$ resistance.

Crude Oil Price Analysis

Expected Scenario

• Crude oil price settles at 77.64$, and we still neutral until the price confirms its situation according to the mentioned level to detect its next destination clearly, as it faces contradiction between the technical factors.
• We remind you that breaching the mentioned level will push the price to achieve new gains that reach 79.55$, while breaking it will put the price under negative pressure that its next main target reaches 75.25$.

Expected Trading Range

Between 76.00$ support and 79.40$ resistance.

Silver Price Analysis

Expected Scenario

• Silver price is testing 29.30$, and the price needs to hold below this level to keep the correctional bearish trend active for today, which its next target located at 28.55$.
• Therefore, we will continue to suggest the bearish trend for today unless breaching 29.30$ and holding above it, which will lead the price to start new recovery attempts that target testing 30.06$ initially.

Expected Trading Range

Between 28.60$ support and 29.55$ resistance.

Gold Price Analysis

Expected Scenario

• Gold price shows weak trades since morning, settling around 2300.00$ level, while stochastic continues to provide the negative signals, waiting to resume the expected bearish wave for today, which its targets begin at 2272.06$ and extend to 2217.10$ after breaking the previous level, reminding you that the continuation of the bearish trend depends on the price stability below 2340.10$.

Expected Trading Range

Between 2275.00$ support and 2315.00$ resistance.