Gold price shows calm positive trades, noticing that the price loses its bullish momentum, and it might show some decline and test the key support base 1660.00 before turning back to rise again.

Until now, the positive scenario will remain active as long as 1660.00 level remains intact, reminding you that our next target is located at 1686.40.

The EURUSD pair faces negative pressure to break 0.9790 level and moves below it now, which urges caution from the upcoming trading, as consolidating below this level might put the price under more negative pressure and attempt to return to the main bearish track again, while stepping above it will push the price to achieve new gains that start at 0.9865 and extend to 0.9940.

Brent oil price attempts to breach the minor bearish channel’s resistance, and as we mentioned this morning, the price needs to hold below 89.20 to keep the bearish trend scenario valid for today, as breaching it will lead the price to achieve additional gains that reach 91.35, while consolidating below it will push the price to resume the bearish wave that its first target located at 86.15.

The expected trading range for today is between 86.00 support and 90.00 resistance.

The expected trend for today: Bearish

Crude oil price shows positive trades to test the bearish channel’s resistance at 82.40, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend scenario active for today, waiting to get negative motive that assists to push the price to achieve our main targets that start at 79.35 and extend to 76.30.

The expected trading range for today is between 78.50 support and 82.40 resistance.

The expected trend for today: Bearish