Brent oil price traded with clear negativity yesterday to settle at 74.00$ barrier, accompanied by stochastic reach to the oversold areas, which forms positive motive that we are waiting to assist to push the price to rise again, reinforcing the chances of continuing the main bullish trend.

Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 72.65, reminding you that surpassing 75.10 is required to reinforce the expectations of targeting 79.50 level as a next main station.

The expected trading range for today is between 73.00 support and 76.00 resistance.

The expected trend for today: Bullish

Crude oil price continues to press on the key support 64.90, noticing that the price closed the daily candlestick above this level, which keeps the chances valid to resume the expected bullish trend for the upcoming period, which its first target located at 67.00.

The EMA50 attempts to protect the suggested positive scenario, noting that breaking 64.90 will put the price under negative pressure that targets testing 62.85 level before any new attempt to rise.

The expected trading range for today is between 63.80 support and 67.00 resistance.

The expected trend for today: Bullish

Silver price attempts to breach the bearish channel’s resistance that appears on the chart, while the EMA50 forms negative pressure to protect the overall negative scenario, as we still keep our bearish overview that targets 14.73 level as a next main station.

On the other hand, we should note that the continuation of the bullish bias and surpassing 15.00 will push the price to test 15.22 before any new attempt to decline.

The expected trading range for today is between 14.70 support and 15.10 resistance.

The expected trend for today: Bearish

Gold price show new retest process to the previously broken neckline of the tripl top pattern at 1282.00, and the price needs to hold below this level to keep the negative effect of this pattern active, waiting to resume the bearish bias and break 1275.30 level to reinforce the expectations of continuing the correctional bearish trend.

Therefore, we will keep our bearish overview unless breaching 1282.00 level and holding above it, reminding you that the waited correctional targets begin at 1253.20 and extend to 1231.10 after surpassing the previous level.

The expected trading range for today is between 1260.00 support and 1290.00 resistance.

The expected trend for today: Bearish