Brent oil price trades negatively since morning to start pressing on 62.95 level, waiting for more decline to visit 60.30 level as a next main target, noting that the EMA50 and stochastic provide negative signals that support the suggested decline, which will remain valid unless breaching 63.55 and holding above it.
The expected trading range for today is between 61.50 support and 64.50 resistance.
The expected trend for today: Bearish
Crude oil price still stable below 59.85, and begins providing calm negative trades to move away gradually from the mentioned level, supported by the negative signal provided by stochastic, besides the negative pressure formed by the EMA50, waiting to head towards 57.25 followed by 54.85 as next main stations, reminding you that it is important to hold below 59.85 and 60.25 levels to continue the expected decline.
The expected trading range for today is between 58.00 support and 60.70 resistance.
The expected trend for today: Bearish
Silver price shows calm negative trades to move away from 25.50 level, which keeps the bearish trend scenario valid and active for today, supported by stochastic, depending on the price stability below the mentioned level, reminding you that our waited targets begin at 24.75 and extend to 22.90.
The expected trading range for today is between 24.70 support and 25.60 resistance.
The expected trend for today: Bearish
Gold price shows some temporary bearish bias to test 1740.00, and as long as the price is above 1731.00, our bullish overview will remain valid and active for the upcoming period, supported by the EMA50, and the price needs to get positive momentum that assist to push the price to head towards our main expected target at 1765.00.
The expected trading range for today is between 1735.00 support and 1770.00 resistance.
The expected trend for today: Bullish