Brent oil price bounced downwards strongly after testing 88.20 level in the previous sessions, to reach near 85.10 areas, moving within sideways range that its lines represented by the mentioned levels, and we suggest witnessing more sideways bias until the price manages to breach one of these levels to detect its next destination clearly.

Note that the facing additional negative pressure and breaking 85.10 support line will push the price to achieve more negative targets and head towards 83.60 followed by 81.35 levels, while breaching 88.20 resistance will push the price to achieve additional bullish correction that its next main target reaches 91.25.

The expected trading range for today is between 84.50 support and 88.00 resistance.

The expected trend for today: Sideways

Crude oil price provided strong negative trades on last Friday to test the sideways range’s support line at 78.95, and still confined between this range’s lines represented by the mentioned support and 81.60 resistance, to continue suggesting the sideways move until the price confirms surpassing one of these levels.

We remind you that breaking the mentioned support will push the price to suffer additional losses and target 77.20 followed by 75.65 areas, while breaching the resistance represents the key to resume the correctional bullish wave that its next main target located at 84.25.

The expected trading range for today is between 77.60 support and 81.20 resistance.

The expected trend for today: Sideways

Silver price returned to rise after the decline that it witnessed in the previous sessions, supported by stochastic positivity, waiting to breach 23.80 resistance line to ease the mission of heading towards our first waited positive target at 24.55.

Therefore, we will continue to suggest the bullish trend for the upcoming period, reminding you that breaking 23.55 will put the price under additional negative pressure to test 23.05 level before any new positive attempt.

The expected trading range for today is between 23.30 support and 24.15 resistance.

The expected trend for today: Bullish

Gold price fluctuates around 1928.60 level, noticing that stochastic loses its positive momentum gradually, waiting to motivate the price to resume the expected bearish bias on the intraday basis, which targets testing the bullish channel’s support line that rises now to 1908.40.

Therefore, we will continue to suggest the temporary bearish trend, taking into consideration that breaching 1936.00 will stop the expected decline and lead the price to resume the main bullish trend again.

The expected trading range for today is between 1908.00 support and 1940.00 resistance.

The expected trend for today: Bearish temporarily