Brent oil price tested 56.91 level and still above it until now, accompanied by stochastic approach to the oversold areas, while the EMA50 keeps supporting the price from below.

Therefore, these factors encourage us to continue suggesting the bullish trend, affected by the previously completed double bottom pattern, waiting to target 61.20 followed by 63.95 levels as next main stations, noting that the continuation of the expected rise conditions the price stability above 56.91 and the most important above 55.55.

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

Expected trend for today: Bullish

Crude oil price shows sideways trading since yesterday’s evening, noticing that stochastic got rid of its negativity to reach the thresholds of the oversold areas, waiting to motivate the price to resume the bullish trend in the upcoming sessions.

Therefore, we will keep our positive overview conditioned by the price stability above 47.00, reminding you that our next main target reaches 51.46.

Expected trading range for today is between 47.00 support and 50.50 resistance.

Expected trend for today: Bullish

Silver price provided clear negative trades by today’s opening to break 15.62 level, noticing from the minor image that the price completed forming a double top pattern, which puts the price under negative pressure that we expect to push the price to visit 15.22 areas in the upcoming period.

Therefore, we suggest witnessing more decline today, noting that breaching 15.62 will push the price back to resume the correctional bullish track.

Expected trading range for today is between 15.22 support and 15.70 resistance.

Expected trend for today: Bearish

Gold price opens today’s trading with clear negativity to break 1286.70 level and trades below it, noticing that the price placed lower high at the last rise, to hint a potential turn to the intraday trend, as we witness signs of a double top pattern that its confirmation line located at 1276.70, which means that breaking this level will motivate the price to achieve more decline and visit 1262.50 level direct.

Therefore, the bearish trend will be suggested in the upcoming sessions unless breaching 1286.70 followed by 1295.00 levels and holding above them.

Expected trading range for today is between 1265.00 support and 1295.00 resistance.

Expected trend for today: Bearish