Brent oil price managed to break 62.95 and hold with a daily close below it, which supports the continuation of our bearish overview, as it succeeded to touch our first suggested target at 61.50, to notice heading to retest the broken support at 62.95, which keeps its stability below it until now, waiting to rebound bearishly to resume the bearish trend that its next target located at 60.30.

Therefore, the negative scenario will remain dominant in the upcoming sessions unless breaching 62.95 and holding with a daily close above it.

The expected trading range for today is between 61.00 support and 63.60 resistance.

The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.2057	0.0004	0.0311%
End of day analysis for the EURUSD 06-05-2021
	GBP/USD	1.3887	-0.0007	0.0518%

	Tadawul	10228.35	-26.53	0.26%

	Silver	27.299	0.779	2.939%

	Oil	64.723	0.813	1.272%
End of day analysis for Crude oil 06-05-2021
	Brent Oil	68.23	-0.75	1.09%

	Gold	1813.820	24.235	1.354%
End of day analysis for Gold 06-05-2021

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