Brent oil price provided more negative trades to test 81.30 level, affected by the previously completed double top pattern to head towards achieving more expected decline in the upcoming sessions, noting that breaking the mentioned level will push the price to 79.20 as a next negative target.

Therefore, we expect the continuation of the bearish bias on the intraday basis, noting that failing to break 81.30 will lead the price to achieve gains that start by visiting 83.50 and extend to 85.10.

The expected trading range for today is between 80.00 support and 83.50 resistance.

The expected trend for today: Bearish

Crude oil price attempts to break 75.65 level, to hint heading to achieve more decline in the upcoming sessions, organized inside the bearish channel that appears on the chart, to target 74.10 areas initially.

Therefore, the bearish bias will be suggested for today, noting that breaching 76.20 will stop the expected decline and lead the price to recover and attempt to build bullish wave on the intraday basis.

The expected trading range for today is between 73.80 support and 77.00 resistance.

The expected trend for today: Bearish

Silver price touched our waited target at 24.55 and bounced downwards strongly from there, to head towards potential test to 23.05, thus, we expect to witness negative trades in the upcoming sessions, noting that the expected decline is temporary, waiting to resume the main bullish trend again.

Note that breaking the targeted level will push the price to suffer additional losses that reach 22.15, while breaching 23.80 will stop the expected decline and lead the price to return to the bullish track again.

The expected trading range for today is between 23.00 support and 23.80 resistance.

The expected trend for today: Bearish temporarily

Gold price ended yesterday below the bullish channel’s support line that appears on the chart, to start bearish correction for the rise measured from 1616.65 to 1959.75, on its way to visit 1878.80 as a first correctional target.

Therefore, we expect to witness more decline in the upcoming sessions, taking into consideration that breaching 1928.60 will stop the current negative pressure and lead the price to regain the main bullish trend again.

The expected trading range for today is between 1890.00 support and 1930.00 resistance.

The expected trend for today: Bearish