Brent oil price is testing the key resistance 72.00$, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend valid for the upcoming period, waiting to get negative motive that assist to push the price to head towards our next negative target that reaches 70.00$.

The expected trading range for today is between 69.80$ support and 72.80$ resistance.

Trend forecast: Bearish

Crude oil price trades with clear positivity to attack 68.55$ level and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will push the price to build bullish wave that targets visiting 70.44$ level mainly.

Now, the price needs to trade below 68.55$ again to revive the negative scenario that its next targets located at 67.20$ followed by 65.50$.

The expected trading range for today is between 66.50$ support and 69.50$ resistance

Trend forecast: Bearish

Silver price didn’t show any strong move since morning, to continue fluctuating around 31.80$, thus, no change to the bullish trend that depends on the price stability above 31.70$, reminding you that our next main target extends to 33.00$.

The expected trading range for today is between 31.60$ support and 32.40$ resistance.

Trend forecast: Bullish

Gold price shows some slight bearish bias, while stochastic attempts to gather the positive momentum, waiting to resume the expected bullish trend for today, which targets 2700.00$ as a next main station, noting that breaking 2652.00$ will turn the intraday track to decline, to head towards achieving bearish correction that its targets begin by testing 2605.00$ areas.

The expected trading range for today is between 2655.00$ support and 2695.00$ resistance.

Trend forecast: Bullish