Brent oil price rallied upwards strongly yesterday to breach 42.17 level and settles above it, in attempt to return to the correctional bullish trend again, but it faces solid resistance formed by the bearish trend line that appears on the chart, which might block the mission of achieving more gains.

Therefore, the contradiction between the technical factors makes us prefer staying aside until we get clearer signal for the next trend, noting that breaching 42.50 will push the price to continue rising and visit 43.00 followed by 43.84 levels initially, while breaking 42.17 will put the price under the negative pressure that targets testing 41.14 areas again.

The expected trading range for today is between 41.00 support and 43.50 resistance.

The expected trend for today: Depends on the above mentioned levels

Crude oil price provided more positive trades to breach 39.90 level and settles above 40.00$ barrier, to move inside the sideways range again, which its lines represented by 39.15 support and 40.58 resistance, and it needs to breach one of these levels to detect its next destination clearly.

Note that continuing the rise and breaching 40.58 will lead the price to achieve more gains and head towards 41.70 areas initially, while breaking 39.15 will press on the price to decline again and press on 38.80 level to open the way to visit 38.11 followed by 37.00 levels as main negative targets.

The expected trading range for today is between 38.80 support and 41.70 resistance.

The expected trend for today: Sideways

Silver price faced negative pressure yesterday, to break 23.60 level and settles below it, as the intraday bullish channel formed bearish flag pattern that we expect to motivate the price to resume the correctional bearish trend, which targets 22.13 level as a next negative station.

Therefore, the bearish bias will be suggested for today, noting that breaching 23.60 and holding above it again will push the price to achieve new gains that reach 25.06.

The expected trading range for today is between 22.60 support and 24.00 resistance.

The expected trend for today: Bearish

Gold price fluctuates around the EMA50, keeping its stability below 1901.80 level until now, which keeps the bearish trend scenario valid and active for the upcoming period, waiting to visit 1877.00 followed by 1860.90 levels as next main stations.

Note that holding below 1901.80 is important to continue the expected decline, as breaching it will stop the expected decline and leads the price to provide new recovery attempts and opens the way to head towards 1934.86 areas initially.

The expected trading range for today is between 1870.00 support and 1910.00 resistance.

The expected trend for today: Bearish