Brent oil price declined strongly in the previous sessions to surpass our waited target at 75.66$ and open the way to continue the decline on the intraday and short term basis, as it approaches our second waited target at 74.00$, noting that the price moves within the bearish channel that appears on the chart, which supports the chances of achieving more decline in the upcoming period.

Crude oil price continued to decline to succeed achieving our waited target at 70.30$ and settles there, noticing that the price presses negatively on this level to hint the attempt to surpass it and open the way to continue the decline in the upcoming sessions.

Silver price finds difficulty to consolidate above 32.86$ level, to provide new negative trades and settle below it, noticing that the EMA50 continues to provide the positive support to the price and protects it from suffering more losses, while stochastic gains the positive momentum clearly.

Gold price attempted to break the bullish channel’s support line again but we notice that the price still consolidated above it, as it gets good positive support by the EMA50.