Brent oil price started today with strong rise after reaching the thresholds of the main waited target at 64.55, expecting the continuation of the bullish bias to test the key resistance 67.70, which represents key level for the short term and medium term trend.

Therefore, we expect to witness more rise in the upcoming sessions, supported by stochastic positivity, noting that breaching the targeted level will push the price to achieve additional rises that reach 68.90, while holding against the current bullish wave represents the key to resume the main bearish trend that its targets begin by testing 64.55 areas.

The expected trading range for today is between 65.00 support and 68.00 resistance.

The expected trend for today: Bullish

Crude oil price approached our main waited target at 61.55, and opened today with clear positivity to head towards achieving expected gains on the intraday basis, attempting to cover some of the losses that it suffered lately, on its way to test 65.20 initially.

Therefore, the bullish bias will be suggested for today, being aware that we need to monitor the price behavior when reaching the targeted level, as breaching it will lead the price to achieve additional rises that reach 66.20 followed by 67.40, taking into consideration that breaking 62.75 will stop the expected rise and press on the price to return to decline again.

The expected trading range for today is between 62.00 support and 65.20 resistance.

The expected trend for today: Bullish

Silver price managed to touch 22.90 level and bounced bullishly to show positive trades now, on its way for potential test to the EMA50 that forms continuous negative pressure against the price, noticing that stochastic loses its positive momentum gradually.

Therefore, we believe that the chances valid to resume the main bearish trend, which its targets extend to 22.00, while holding below 23.75 represents key condition to continue the expected decline.

The expected trading range for today is between 22.70 support and 23.60 resistance.

The expected trend for today: Bearish

Gold price shows more sideways trading between 1770.00 support and 1797.00 resistance, and it might test this resistance in the upcoming sessions.

Until now, we will continue to suggest the sideways move between the mentioned levels until breaching one of them followed by detecting the next destination clearly, noting that breaching the resistance will lead the price to achieve additional gains that reach 1825.15, while breaking the support represents negative factor that will press on the price to visit 1735.00 level initially.

The expected trading range for today is between 1770.00 support and 1810.00 resistance.

The expected trend for today: Sideways