Brent oil price ended yesterday with clear negativity to break 77.44 level and settles below it, to hint the attempt to return to the main bearish track again, but it faces solid support formed at the breached resistance of the bearish channel that appears on the chart, accompanied by witnessing positive signals through stochastic, which might assist to push the price to recover again.

Therefore, the contradiction between the technical factors makes us prefer to stay aside until the price confirms its next destination, noting that breaking 76.60 support will push the price to continue the decline and achieve negative targets that start at 74.70 and extend to 73.35, while breaching 77.44 resistance represents the key to start new bullish wave that targets 79.15 areas initially.

The expected trading range for today is between 75.40 support and 78.70 resistance.

The expected trend for today: Neutral

Crude oil price confirmed breaking 71.50 level after closing yesterday below it, to fall under expected negative pressure in the upcoming sessions, and the targets begin at 70.00 and extend to 67.04 after breaking the previous level.

Breaking 70.80 will provide strong negative motive that supports the continuation of the expected bearish trend scenario, while breaching 72.20 will push the price to attempt to recover and achieve intraday gains to test the key resistance 73.73 before any new attempt to decline.

The expected trading range for today is between 69.80 support and 72.70 resistance.

The expected trend for today: Bearish

Silver price settles below 23.00 level after the positive attempts that it witnessed yesterday, to keep the bearish trend scenario valid and active for the upcoming period, affected by the previously completed head and shoulders’ pattern, reminding you that the waited target reaches 22.25.

Stochastic begins to lose the positive momentum to support the continuation of the suggested bearish wave, which will remain valid conditioned by the price stability below 23.00.

The expected trading range for today is between 22.50 support and 23.20 resistance.

The expected trend for today: Bearish

Gold price approached 2016.90 level and shows some slight bullish bias by today’s open, affected by stochastic positivity, and continues to move inside the minor bearish channel that appears on the chart, waiting to resume the bearish wave that needs breaking the mentioned level to open the way to head towards the next correctional target at 1977.46.

Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the negative pressure formed by the EMA50, noting that breaching 2044.85 will push the price to achieve intraday gains and test the most important resistance at 2065.70 before any new attempt to decline.

The expected trading range for today is between 2010.00 support and 2040.00 resistance.

The expected trend for today: Bearish