Brent oil price fluctuates around 62.95 level, and the EMA50 forms continuous negative pressure against the price, which support the continuation of the expected bearish trend on the intraday and short term basis, waiting to visit 60.30 level mainly.

Note that breaking 62.25 will ease the mission of achieving the suggested target, while breaching 63.40 represents positive factor that will lead the price to start recovery attempts and turn to rise.

The expected trading range for today is between 61.50 support and 64.00 resistance.

The expected trend for today: Bearish

Crude oil price shows sideways and tight trades in the previous sessions, keeping its stability below 59.85, and the EMA50 continues to press negatively on the price, to support the chances of resuming the expected bearish trend for the upcoming period, which targets 57.25 followed by 54.85 levels mainly.

Therefore, we will keep our bearish overview unless breaching 59.85 – 60.10 levels and holding above them.

The expected trading range for today is between 58.00 support and 60.50 resistance.

The expected trend for today: Bearish

Silver price bounced bearishly after testing 25.50 level in the previous sessions, and by taking a deeper look at the chart, we find that the price completed forming rising wedge that supports the expectations of continuing the bearish trend in the upcoming sessions, waiting to break 24.75 to confirm opening the way to head towards 22.90 as a next target.

Therefore, the bearish trend scenario will remain valid and active on the intraday and short term basis unless breaching 25.50 and holding above it.

The expected trading range for today is between 24.50 support and 25.50 resistance.

The expected trend for today: Bearish

Gold price approached our waited positive target at 1765.00 and bounced bearishly to test the EMA50, showing slight bias now to head towards new test to the key support 1731.00, which urges caution from the upcoming trading, as breaking this level will turn the intraday trend downwards.

Until now, we will continue to suggest the bullish trend for the upcoming period unless breaking 1731.00 and holding below it, noting that the EMA50 and stochastic support the expected rise, waiting to test 1765.00 initially, which breaching it represents the key to rally to achieving additional gains that reach 1800.00 followed by 1838.00.

The expected trading range for today is between 1727.00 support and 1760.00 resistance.

The expected trend for today: Bullish