Brent oil price tested the bullish channel’s support line and bounced bullishly from there, to keep the bullish trend scenario valid and active on the intraday and short-term basis, waiting to test 95.40 level as a first station, noting that breaching this level will push the price towards our next main target at 96.80.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 93.70 and holding with a daily close below it.

The expected trading range for today is between 93.30 support and 96.30 resistance.

The expected trend for today: Bullish

Crude oil price keeps rising inside the bullish channel that appears on the chart, finding solid resistance at 91.00$ barrier, waiting to get positive momentum that assist to push the price to continue the rise and head towards our first target that rises now to 92.25.

Therefore, the bullish trend scenario will remain valid and active for the upcoming period, and breaching the targeted level will extend the bullish wave to 93.00 direct, noting that breaking 90.20 will stop the bullish trend and push the price to start bearish correction on the intraday basis.

The expected trading range for today is between 89.80 support and 92.80 resistance.

The expected trend for today: Bullish

Silver price breached 23.00 level clearly and closed the daily candlestick above it, to stop the recently suggested negative scenario and head towards recovering on the intraday basis, on its way to achieve positive targets that start by visiting 23.70 areas.

Stochastic begins to get rid of the negative momentum to support the chances of continuing the expected rise for the upcoming period, noting that breaking 23.00 will stop the expected bullish trend and push the price to decline again.

The expected trading range for today is between 22.90 support and 23.70 resistance.

The expected trend for today: Bullish

Gold price shows more bullish bias, and attempts to breach 1929.00 level now, to support the chances of continuing the positive trades and head to achieve gains that reach 1945.20 initially.

Therefore, the bullish bias will be expected for today, supported by moving above the EMA50, it might be preceded by some temporary sideways fluctuation affected by stochastic negativity.

On the other hand, we should note that failing to breach 1929.00 will push the price to decline and visit 1913.15 areas again.

The expected trading range for today is between 1920.00 support and 1945.20 resistance.

The expected trend for today: Bullish