Brent oil price provides new positive trades now to move away from 86.00$ barrier, which supports the continuation of the expected bullish trend on the intraday and short-term basis, waiting to test 87.67$ as a next target, which breaching it represents the key to rally towards 89.50$ as a next main station.

Therefore, we will continue to suggest the bullish trend for the upcoming period, reminding you that it is important to hold above 84.77$ to achieve the waited targets.

The expected trading range for today is between 85.20$ support and 88.20$ resistance.

Trend forecast: Bullish

Crude oil price continued to rise to confirm surpassing the sideways range’s resistance and resume the main bullish track, on its way to achieve positive targets that start by visiting 83.90$, noting that breaching it will push the price towards 84.90$ as a next positive target.

Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 81.50$ will stop the bullish trend and push the price to turn to decline.

The expected trading range for today is between 81.20$ support and 84.20$ resistance

Trend forecast: Bullish

Silver price fluctuates within sideways range recently, showing new bullish bias now, and it might test the key resistance 29.30$ before turning back to decline again.

The EMA50 meets the mentioned resistance to add more strength to it, to keep the bearish trend scenario valid for the upcoming period, reminding you that our targets begin at 28.55$ and extend to 27.62$ after breaking the previous level, while achieving them requires holding below 29.30$.

The expected trading range for today is between 28.50$ support and 29.45$ resistance.

Trend forecast: Bearish

Gold price’s rise stopped at the EMA50 that forms good resistance against the price, noticing that stochastic lost its positive momentum and begins to overlap negatively now, waiting to motivate the price to resume the correctional bearish trend, which targets 2272.06$ as a next station.

Therefore, the bearish trend will remain valid conditioned by the price stability below 2340.10$, as breaching this level will lead the price to stop the correctional bearish pressure and attempt to regain the main bullish trend again.

The expected trading range for today is between 2300.00$ support and 2340.00$ resistance.

Trend forecast: Bearish