Brent oil price still confined between the key levels represented by 76.60 support and 77.44 resistance, and the contradiction between the technical indicators still valid, to continue with our neutrality until the price confirms breaching one of these levels followed by detecting its targets clearly.

To review the details of the expected targets after the breach, please check our morning report for brent oil price.

The expected trading range for today is between 75.40 support and 78.70 resistance.

The expected trend for today: Neutral

Crude oil price shows some slight bearish bias to approach the key support 70.80, and the EMA50 forms negative pressure that supports the continuation of the expected bearish trend for today, which its targets begin by breaking the mentioned support to open the way to head towards 70.00 followed by 67.04 levels on the near-term basis.

Therefore, the bearish trend scenario will remain active for today unless breaching 72.20 and holding above it.

The expected trading range for today is between 69.80 support and 72.70 resistance.

The expected trend for today: Bearish

Silver price shows new attempts to breach 23.00 level, while stochastic loses the positive momentum clearly to reach the overbought areas, to support the chances of bouncing bearishly and resume the expected bearish trend for today, which depends on the price stability below the mentioned level, noting that the main expected target is located at 22.25.

The expected trading range for today is between 22.50 support and 23.20 resistance.

The expected trend for today: Bearish

Gold price crawls upwards to approach the minor bearish channel’s support line, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish wave for today, which its targets begin by surpassing the key support 2016.90 to confirm rallying towards 1977.46, reminding you that the first condition to the continuation of the expected decline is represented by holding below 2044.85.

The expected trading range for today is between 2010.00 support and 2040.00 resistance.

The expected trend for today: Bearish