Brent oil price returns to rise after the decline that it witnessed in the previous sessions, to settle above 74.00 barrier again, reinforcing the expectations of continuing the main bullish trend, which its targets begin by testing 74.70 level, reminding you that breaching this level will push the price to 75.60 as a next station.

Holding above 72.75 represents key condition to continue the expected rise, as breaking it will press on the price to turn to decline.

The expected trading range for today is between 72.50 support and 75.60 resistance.

The expected trend for today: Bullish

Crude oil price provided temporary negative trades yesterday to lean on 70.00 barrier and rebounds bullishly to test 71.05 level again, to keep the bullish trend scenario valid and active for the upcoming period, waiting to breach the mentioned level to confirm opening the way to head towards our next positive target at 73.30.

The EMA50 continues to support the expected bullish trend, which will remain valid unless breaking 69.25 level and holding below it.

The expected trading range for today is between 69.50 support and 72.50 resistance.

The expected trend for today: Bullish

Silver price retested the broken neckline of the head and shoulders’ pattern and still below it, to keep the negative effect of this pattern active, waiting to resume the bearish trend that targets 22.90 as a next main station.

The EMA50 and stochastic provide negative signals that support the expected decline, which will remain valid unless breaching 23.80 – 23.95 levels and holding above them.

The expected trading range for today is between 23.20 support and 24.00 resistance.

The expected trend for today: Bearish

Gold price breached 1797.00 level clearly and ended yesterday above it, which leads the price to turn to rise and achieve expected gains on the intraday basis, on its way to visit 1825.15 initially.

Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 1797.00 will stop the expected rise and press on the price to decline again.

The expected trading range for today is between 1790.00 support and 1825.00 resistance.

The expected trend for today: Bullish