Brent oil price continues to decline to approach 83.00 barrier, waiting for more bearish bias to achieve our main expected negative target at 81.30, to keep the bearish trend scenario valid and active for the rest of the day conditioned by the price stability below 85.10.
The expected trading range for today is between 82.30 support and 85.50 resistance.
The expected trend for today: Bearish
Crude oil price shows more bearish bias to approach our main waited target at 75.65, and we expect to continue the decline to surpass this level and suffer more losses on the intraday and short term basis, to keep the negative scenario dominant in the upcoming sessions unless the price rallied to breach 78.95 and hold above it.
The expected trading range for today is between 75.65 support and 79.00 resistance.
The expected trend for today: Bearish
Silver price declined strongly to break 23.55 and reach 23.05, and we suggest the continuation of the negative pressure to break this level and suffer additional losses that reach 22.55 as a next negative station, to make the bearish bias suggested in the upcoming sessions, noting that consolidating above 23.05 will lead the price to start recovery attempts and achieve gains that start by testing 23.70 areas.
The expected trading range for today is between 22.80 support and 23.40 resistance.
The expected trend for today: Bearish
Gold price succeeded to touch our waited target at 1908.40 and attempts to break it, to hint heading to achieve more expected decline in the upcoming sessions, paving the way to achieve additional negative targets that reach 1871.00, to keep the bearish bias dominant for the rest of the day, taking into consideration that failing to confirm breaking 1908.40 will lead the price to attempt to build new bullish wave and resume the main bullish trend again.
The expected trading range for today is between 1895.00 support and 1920.00 resistance.
The expected trend for today: Bearish