Brent oil price returned to test the broken support of the bullish channel and begins bouncing bearishly from there, accompanied by witnessing negative signals by stochastic, while the EMA50 forms negative pressure against the price.

Therefore, we believe that the chances are valid to trade negatively today, waiting to test 62.50 level initially, noting that the continuation of the bullish wave depends on the price stability below 65.40.

The expected trading range for today is between 62.00 support and 65.00 resistance.

The expected trend for today: Bearish

Crude oil price provided slight positive trades yesterday to settle around 58.50 now, noticing that stochastic lost its positive momentum to move at the overbought areas, to support the chances of resuming the expected bearish trend for the upcoming period, which gets continuous support by the EMA50, waiting to surpass 57.40 to reinforcing the chances of rallying towards 54.60 as a next target.

Therefore, the bearish trend scenario will remain suggested conditioned by the price stability below 59.20, as breaching this level will lead the price to test 60.90 level before any new negative attempt.

The expected trading range for today is between 56.50 support and 59.50 resistance.

The expected trend for today: Bearish

Silver price shows sideways trading and moves at 18.00 now, noticing that stochastic begins to overlap positively to support the chances of resuming the expected bullish trend on the intraday basis.

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 17.90, reminding you that our next target is located at 18.38.

The expected trading range for today is between 17.80 support and 18.30 resistance.

The expected trend for today: Bullish

Gold price did not show any strong move yesterday, to continue fluctuating around 1556.70, keeping its stability below it, thus, our bearish overview will remain valid as it is without any change for the upcoming period, which targets 1536.50 followed by 1519.00 levels mainly, while achieving them conditions holding below 1556.70.

The expected trading range for today is between 1530.00 support and 1565.00 resistance.

The expected trend for today: Bearish