Brent oil price faced strong negative pressure yesterday, as it broke 81.40$ level and settled below it, to attempt to return to the bearish channel that appears on the chart and hint the attempt to resume the bearish wave again, but we notice that the price finds solid support formed at the breached resistance of the mentioned channel, accompanied by witnessing clear positive signals through stochastic, which might assist to push the price to recover again and build bullish wave on the intraday basis.

Therefore, the contradiction between the technical factors makes us prefer to stay aside until we get clearer signal for the next trend, noting that breaking 80.75$ will push the price to suffer new losses and visit 79.70$ direct, while breaching 81.40$ resistance will lead the price to recover and target 82.74$ followed by 84.10$ areas on the near-term basis.

The expected trading range for today is between 79.20$ support and 82.74$ resistance.

Trend forecast: Neutral

Crude oil price found solid support at 77.24$ level, as it consolidated above it after the negative pressure that it witnessed in the previous sessions, which hints heading to achieve gains on the intraday basis, targeting visiting 78.66$ as a next positive station, noting that breaching it will push the price towards 80.08$ as a next target.

On the other hand, we should note that breaking 77.24$ will stop the suggested bullish wave and put the price under additional negative pressure, to head towards visiting 75.50$ areas on the near-term basis.

The expected trading range for today is between 76.00$ support and 79.20$ resistance

Trend forecast: Bullish

Silver price faced negative pressures yesterday to attack 28.55$ level, but it begins today with clear positivity to settle above hits level again, accompanied by witnessing positive overlapping signal through stochastic, to motivate the price to provide additional positive trades in the upcoming sessions and head to test 29.30$ as a next station, noting that breaching it will push the price towards 30.06$ as a next target.

On the other hand, we should note that breaking 28.55$ and holding below it will stop the expected rise and push the price to decline again.

The expected trading range for today is between 28.50$ support and 29.30$ resistance.

Trend forecast: Bullish

Gold price shows new positive trades to surpass 2450.00$ level, reinforcing the expectations of continuing the bullish trend, and the way is open to test the historical high at 2483.40$, noting that breaching it will push the price towards 2500.00$ barrier direct.

Stochastic gains the positive momentum to support the expectations to continue the rise in the upcoming sessions, noting that breaking 2428.00$ might push the price to decline and test the key support 2380.00$ before any new attempt to rise.

The expected trading range for today is between 2440.00$ support and 2480.00$ resistance.

Trend forecast: Bullish