Brent oil price managed to confirm breaking 83.95 level and closed the last four hours’ candlestick below it, to support the expectations of continuing the bearish trend for the rest of the day, as it activates the negative effect of the double top pattern that targets testing 81.30 as a next main station.

Therefore, the bearish trend scenario will remain valid and active in the upcoming sessions conditioned by the price stability below 83.95 and the most important below 85.10.

The expected trading range for today is between 82.00 support and 85.90 resistance.

The expected trend for today: Bearish

Crude oil price broke the neckline of the double top pattern strongly to get strong negative motive that supports the continuation of the bearish bias for the rest of the day, and the way is open to achieve our main waited negative target at 75.65.

Therefore, we are waiting for more decline in the upcoming sessions supported by the negative pressure formed by the EMA50, taking into consideration that breaching 77.40 might push the price to recover and test 78.90 areas before any new attempt to decline.

The expected trading range for today is between 76.00 support and 79.20 resistance.

The expected trend for today: Bearish

Silver price managed to break 21.40 and attempts to hold below it, which supports the continuation of the expected bearish trend scenario efficiently for the rest of the day, opening the way to head towards 20.64 as a next main target.

The EMA50 continues to support the suggested bearish wave, noting that holding below 21.40 represents the first condition to continue the expected decline.

The expected trading range for today is between 20.95 support and 21.75 resistance.

The expected trend for today: Bearish

Gold price achieved initial break to 1828.70 level and attempts to hold below it, reinforcing the expectations of continuing the domination of the correctional bearish trend, paving the way to visit 1788.20 as a next negative target, organized inside the bearish channel that appears on the chart.

Therefore, we are waiting for more expected decline for the rest of the day, supported by the negative pressure formed by the EMA50, reminding you that it is important to hold below 1844.00 to continue the bearish trend.

The expected trading range for today is between 1805.00 support and 1844.00 resistance.

The expected trend for today: Bearish