Brent oil price succeeded to achieve our waited target at 83.87 and found solid resistance there again, to rebound bearishly and move within sideways track that appears on the chart, its lines represented by the mentioned resistance and 81.00 support, and the price might head to visit this support line in the upcoming sessions.

Now, we expect the price to move within the mentioned range until managing to surpass one of its lines followed by detecting the next destination clearly, noting that breaching the resistance will lead the price to achieve new gains that start at 85.00 and extend to 86.74, while breaking the support represents negative factor that will push the price to suffer intraday losses that reach 77.44 areas.

The expected trading range for today is between 81.20 support and 84.50 resistance.

The expected trend for today: Sideways

Crude oil price attempted to breach 78.75 level but it couldn’t consolidate above it, to trade below it now, noticing that the price consolidates above the minor support 78.25 to start providing positive trades again, which encourages us to suggest the bullish bias for today and head to visit 80.00 as a next main target.

Therefore, we expect to witness new positive trades in the upcoming sessions, noting that breaking 78.25 will stop the expected rise and push the price to decline towards 77.00 before any new positive attempt.

The expected trading range for today is between 77.30 support and 80.20 resistance

The expected trend for today: Bullish

Silver price managed to reach our waited target at 22.25 and bounced bullishly from there, to head towards expected test to the intraday bearish channel’s resistance line around 22.70, noting that breaching this level will push the price towards the most important resistance at 23.00.

Therefore, the bullish bias will be suggested for today, noting that breaking 22.25 will stop the expected rise and push the price to suffer new losses.

The expected trading range for today is between 22.25 support and 22.90 resistance.

The expected trend for today: Bullish

Gold price provides calm positive trades and gradually crawls towards the neckline of the inverted head and shoulders’ pattern that appears on the chart, located at 2039.65, waiting to breach this level to activate the mentioned pattern and head to achieve expected gains on the intraday and short-term basis, starting at 2065.70 and extend to 2095.00 after surpassing the previous level.

Therefore, we will continue to suggest the bullish trend for the upcoming period, reminding you that it is important to hold above 2016.90 to continue the expected rise.

The expected trading range for today is between 2020.00 support and 2055.00 resistance.

The expected trend for today: Bullish