Brent oil price faces negative pressure to test the EMA50, affected by stochastic negativity, and as long as the price is above 81.00, our bullish overview will remain valid for today, waiting to gather positive momentum that assist to push the price to resume the positive trades that target testing 83.87 as a first station.

The expected trading range for today is between 81.20 support and 84.20 resistance.

The expected trend for today: Bullish

Crude oil price shows some bearish bias to test the key support 77.25, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend scenario active for today, which its targets begin by breaching 77.86 to confirm extending the bullish wave towards 79.60 followed by 81.20.

Note that breaking 77.25 will put the price under negative pressure that targets testing 75.85 as a first negative station.

The expected trading range for today is between 76.50 support and 79.50 resistance.

The expected trend for today: Bullish

Silver price fluctuates at 23.70 level and still stable below it, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for today, which its next main target located at 23.00, while achieving it requires holding below 23.70.

The expected trading range for today is between 23.20 support and 24.00 resistance.

The expected trend for today: Bearish

Gold price settles around 1990.00 level since morning, waiting to gather new positive momentum that supports the chances of continuing the expected bullish trend for today, which targets 2000.00 followed by 2009.30 as next main stations.

The bullish channel organizes the suggested bullish wave, which will remain valid conditioned by the price stability above 1971.00 and the most important above 1962.35.

The expected trading range for today is between 1980.00 support and 2005.00 resistance.

The expected trend for today: Bullish