Brent oil price began the week trading with a strong bullish gap and a rise that approached from 20%  after the Aramco assaults, recording 67.50 level as the highest price for today, while it provides negative trading that puts the price below 65.92 now, showing signals for the price head towards providing more of the bearish bias in the upcoming sessions, in its way to visit 62.92 level initially.

Therefore, we expect the domination of the bearish bias for today, and breaking 62.92 will push the price to 59.93 on the near term basis, while the expected decline will remain valid unless breaching 65.92 level and holding with a daily close above it.

The expected trading range for today is between 62.92 support and 66.50 resistance.

The expected trend for today: Bearish

Crude oil price opened today’s trading with a big bullish gap that put the price above 62.00$ barrier, affected by Aramco assaults and the Saudi oil production collaps to 50%, but we notice that the price is trading with a clear negativity since the opening as a signal for the price head to the natural bearish track, in its way to test 57.42 level initially, pointing that breaking this level will confirm the continuation of the decline towards 54.60 as a next negative station.

Therefore, we prefer witnessing more of the downside moves in the upcoming sessions unless breaching 60.92 level and holding with a daily close above it.

The expected trading range for today is between 57.40 support and 60.90 resistance.

The expected trend for today: Bearish

Silver price traded with a strong negativity in last Friday to break the bullish channel’s support and settles below it, to provide signals for heading to make more of the bearish correction, where breaking 17.60 represents a confirmation key for rally towards 16.95 as a next main station.

Therefore, the bearish bias will be preferred in the upcoming sessions unless breaching 18.05 then 18.40 levels and holding above them.

The expected trading range for today is between 17.60 support and 18.10 resistance.

The expected trend for today: Bearish

Gold price made a new test to the bullish trend line and keeps its stability above this level, where it begins today’s trading with a bullish bias to move near the EMA50, keeping the bullish trend scenario valid and active in the upcoming period, waiting for breaching 1524.00 level to ease the mission of heading to 1555.00 that represents our next main target.

Stochastic supports our positive expectations, and its continuation is conditioned by holding above 1485.00 level.

The expected trading range for today is between 1495.00 support and 1525.00 resistance.

The expected trend for today: Bullish