Brent oil price fluctuates around the EMA50 that forms good resistance against the price, waiting to resume the bullish bias to test 73.90$ as a first positive target, reminding you that breaching it will push the price to visit 75.36$ on the near term basis.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 72.06$ and holding below it.
The expected trading range for today is between 72.10$ support and 75.10$ resistance.
Trend forecast: Bullish
Crude oil price shows sideways trades since morning and made new test to 68.64$ level, and as long as the price is above this level, our bullish overview will remain valid for today, and the price needs to surpass 69.35$ to ease the mission of heading towards our first positive target at 70.58$.
The expected trading range for today is between 68.00$ support and 71.00$ resistance
Trend forecast: Bullish
Silver price fluctuates around 30.63$ level since morning, waiting to get positive motive that assist to push the price to confirm breaching this level followed by heading towards 31.63$ as a next positive target, to continue suggesting the bullish trend unless breaking 30.40$ and holding below it.
The expected trading range for today is between 30.30$ support and 31.10$ resistance.
Trend forecast: Bullish
Gold price settles above 2649.00$ level, thus, our bullish overview will remain valid for today, which gets positive support by the EMA50, waiting to head towards 2700.00$ as a next main target, reminding you that breaking 2649.00$ will put the price under negative pressure to turn to decline on the intraday basis.
The expected trading range for today is between 2645.00$ support and 2685.00$ resistance.
Trend forecast: Bullish