Brent oil price trades negatively to press on the EMA50, to reinforce the chances of continuing the decline and head to test the sideways range’s support line at 81.00.

Until now, the sideways move scenario still valid until the price manages to surpass one of the sideways range’s lines represented by 81.00 support and 83.87 resistance, noting that the details of the expected targets after the breach are explained in our morning report.

The expected trading range for today is between 81.20 support and 84.50 resistance.

The expected trend for today: Sideways

Crude oil price is testing the key support 78.25 now, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend scenario active for today, as breaking it will put the price under negative pressure that its next main target reaches 77.00.

On the other hand, the price needs to beach 78.75 to confirm the continuation of the bullish trend domination in the upcoming sessions and open the way to target 80.00 that represents our next positive station.

The expected trading range for today is between 77.30 support and 80.20 resistance

The expected trend for today: Bullish

Silver price fluctuates around 22.50 level, affected by stochastic negativity that hinders the mission to continue the rise, waiting to get positive motive that assist to push the price to resume the bullish wave that targets 22.70 followed by 23.00 levels mainly.

Therefore, we will keep our bullish overview conditioned by the price stability above 22.25.

The expected trading range for today is between 22.25 support and 22.90 resistance.

The expected trend for today: Bullish

Gold price continues to crawl upwards to reach 2039.65 level, and as we mentioned this morning, the price needs to breach this level to get positive motive that assist to rally to achieve our positive targets that start at 2065.70 and extend to 2095.00.

In general, we will keep our bullish overview for today unless breaking 2016.90 and holding with a daily close below it.

The expected trading range for today is between 2020.00 support and 2055.00 resistance.

The expected trend for today: Bullish