Brent oil price broke 84.35 level strongly and declined to approach the main bullish channel’s support line, and we suggest witnessing new negative trades today, to target 82.05 mainly.

Therefore, the bearish bias will be expected for the upcoming sessions conditioned by the price stability above 84.85, as breaching this level will release the price from the expected negative pressure and push to regain the main bullish trend again.

The expected trading range for today is between 82.50 support and 85.40 resistance.

The expected trend for today: Bearish

The AUDUSD pair traded negatively yesterday to break 0.7475 level and settles below it, which opens the way to achieve bearish correction for the rise that started from 0.7170 areas, noting that breaking 0.7455 will push the price to 0.7400 direct.

Therefore, the bearish bias will be expected for today unless the price managed to breach 0.7475 and hold above it again.

The expected trading range for today is between 0.7410 support and 0.7500 resistance

The expected trend for today: Bearish

Crude oil price settles near 82.00 barrier after the mixed trades that it witnessed yesterday, moving below the intraday resistance that appears on the chart, which supports the chances of achieving new expected decline in the upcoming sessions, on its way to visit 80.70 followed by 78.75 levels on the near term basis.

Therefore, we expect to witness negative trades today, noting that breaching 82.65 will stop the expected decline and lead the price to resume the main bullish track again.

The expected trading range for today is between 80.70 support and 83.50 resistance.

The expected trend for today: Bearish

Silver price ended yesterday below 24.20, which puts the price under expected negative pressure in the upcoming sessions, on its way to test 23.15 before any new attempt to rise again.

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 24.20 and holding above it will reactivate the bullish trend scenario that its next main target located at 25.05.

The expected trading range for today is between 23.60 support and 24.60 resistance.

The expected trend for today: Bearish