Brent oil price rallied upwards strongly yesterday to breach 81.38$ and reach 82.74$, to hint the attempt to stop the bearish correction and return to the main bullish track again, but we notice that the technical indicators provide negative signals that might push the price to decline again.

Therefore, we prefer to stay aside until the price confirms its situation according to 82.74$ level, noting that breaching it will push the price to achieve more gains and head towards 84.11$ as a next positive target, while consolidating below it will push the price to decline again and target 81.38$ again.

The expected trading range for today is between 81.00$ support and 84.40$ resistance.

Trend forecast: Neutral

Crude oil price ended yesterday above 78.66$ level, to head towards achieving more expected gains on the intraday basis, targeting testing 80.08$ level as a next station, being aware that it is important to monitor the price when reaching this level due to its importance to determine the next trend clearly, as breaching it will lead the price to continue the rise and achieve additional positive targets that reach 81.84$, while consolidating below it will push the price to resume the correctional bearish track and test 78.66$ initially.

On the other hand, we should note that breaking 78.66$ will stop the expected rise and push the price to decline again, to head towards visiting 77.24$ as a next negative station.

The expected trading range for today is between 78.00$ support and 81.00$ resistance

Trend forecast: Bullish

Silver price succeeded to achieve our second waited target at 27.62$, noticing that stochastic loses its positive momentum clearly to support the chances of resuming the negative trades and break the mentioned level to open the way to continue the decline on the intraday and short term basis, noting that our next targets extend to 27.00$ followed by 26.12$.

The EMA50 forms negative pressure that supports the continuation of the suggested bearish wave, which will remain valid conditioned by the price stability below 28.55$.

The expected trading range for today is between 27.40$ support and 28.20$ resistance.

Trend forecast: Bearish

Gold price begins today with clear positivity to move above 2366.10$ level and hint the attempt to return to resume the main bullish track again, motivated by stochastic positivity that appears clearly now, while on the other hand, the price is facing negative pressure after completing the double top pattern that appears on the chart, which might force the price to achieve more bearish correction on the intraday and short term basis.

Therefore, the contradiction between the technical indicators makes us prefer to stay aside until we get clearer signal for the next trend, noting that breaking 2365.00$ will push the price to achieve additional bearish correction that its next target reaches 2324.55$, while breaching 2394.00$ resistance will cancel the mentioned negative formation and lead the price to recover and achieve gains that start at 2450.00$ and extend to 2483.40$.

The expected trading range for today is between 2350.00$ support and 2395.00$ resistance.

Trend forecast: Neutral