Brent crude oil suffered a sharp decline in its last intraday trading, to break our morning target at $60.00, under the main bearish trend on the short-term basis and its trading alongside bias line, and there aren’t any positive motives.
Therefore, our expectations suggest the decline in the rent price in its upcoming intraday trading, if the price settles below $60.00, to reach its next target at $58.25.
The expected trading range for today is between $58.25 support and $60.65 resistance.
Today’s forecast: Bearish
Ethereum price (ETHUSD) rose in its last intraday trading, settled above the resistance at $1.800, to move in its way to confirm breaching this stubborn resistance, and we are still waiting for a good close above it, while the continuation of the positive support due to its trading above EMA50, with the emergence of the positive signals on the (RSI).
Therefore, our expectations suggest (ETHUSD) price rise in their upcoming trading on the intraday levels, conditioned by its stability above $1,800, to target the next main resistance at $1,900.
The expected trading range for today is between $1,750 support and $1,865 resistance.
Today’s forecast: Bullish
The silver price rose slightly in its last intraday trading, attempting to recover some early losses, amid the dominance of a minor bearish wave on a short-term basis, with the return of the negative signals on the (RSI), after offloading some of its oversold conditions, which increases the negative pressure on the price.
Therefore, our expectations suggest the decline in the silver price in its upcoming intraday trading, targeting the key support level near $31.90 preparing to break it.
The expected trading range for today is between $31,70 support and $32.60 resistance.
Today’s forecast: Bearish
Gold price continued the decline in its last intraday trading, amid the dominance of a bearish correctional wave on a short-term basis, with the emergence of the negative signals on the (RSI), despite reaching oversold levels, besides the negative pressure that came from its trading below EMA50.