Brent attempts to gain bullish momentum in its last intraday trading, attempting to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, which helps to keep the bullish momentum around the price, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside trend line.

Therefore, our expectations suggest a rise in brent prices during the upcoming intraday trading, especially if it settles above $64.50, to target $66.00 key resistance.

 Expected trading range for today: between $64.50 support and $66.00 resistance

 Today’s forecast: Bullish

The price of (crude oil) fluctuated on its last intraday levels, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, to gather its bullish momentum that might help it to rise again, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive minor trend line for this trend, besides the continuation of the positive support due to its trading above EMA50, reinforcing the chances of a recovery on a near-term basis.

Therefore, we suggest a rise in (crude oil) prices in their upcoming intraday trading, conditioned by the stability of $60.00 support, to target $62.00 key resistance.

Expected trading range for today: Between the support at $60.00 and resistance at $62.00.

Today’s forecast: Bullish

The price of (silver) settles on gains in its last intraday trading, after reaching the previously expected resistance in our previous analysis at $110.00, to attempt to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, to gather its bullish momentum that might help it to breaching its current resistance, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis.

Therefore, our expectations suggest a rise in silver price’s upcoming intraday trading, conditioned by breaching $110.00 resistance to target its next resistance at $115.00.

Expected trading range for today: Between the support at $103.00 and resistance at $115.00.

Today’s forecast: Bullish

The price of gold kept its early gains in its last intraday trading, taking a breather to gather the gains of its previous rises, attempting to offload some of its overbought conditions on relative strength indicators, to gather its bullish momentum that might help it to resume its gains and record new all-time highs, especially with the emergence of negative overlapping signals, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive minor trend line for this trend.

Therefore, our expectations suggest a rise in gold price in its upcoming intraday trading, especially if it settles above $5,000, targeting the next resistance at $5,200.

Expected trading range for today: Between the support at $5,000 and resistance at $5,200.

Today’s forecast: Bullish