Brent oil price rose again to test the key resistance 77.00$, noticing that the price consolidated well below this level, to start providing negative trades by today’s open, motivated by stochastic current negativity.

Crude oil price continued to rise yesterday to reach 72.65$ areas, noting that holding above 72.30$ supports the chances of continuing the rise in the upcoming sessions, by when we take a deeper look at the chart, we find that the recent trades are confined within rising wedge pattern that its support line meets 72.30$, which means that breaking this level will push the price to return to the bearish track again.

Silver price ended yesterday above 32.86$ level, to reinforce the expectations of continuing the bullish trend in the upcoming sessions, which moves inside the bullish channel that appears on the chart, supported by the EMA50 that keeps carrying the price from below.

Gold price returns to provide positive trades after the decline that it witnessed in the previous sessions, and according to the trading rules inside the channel, the price is on its way to build new bullish wave on the intraday basis, supported by the EMA50 that carries the price from below, besides the positive signal provided by stochastic now.