Crude oil price faces negative pressure to break 68.55$ and turns to decline in the upcoming sessions, opening the way to achieve negative targets that extend to 66.6$ followed by 65.50$.
Therefore, we expect to witness more decline for the rest of the day, noting that breaching 68.55$ and holding above it will reactivate the positive scenario on the intraday basis.
The expected trading range for today is between 66.20$ support and 68.80$ resistance
Trend forecast: Bearish
Silver price fluctuates around the EMA50, and still stuck between the trend keys represented by 31.00$ support and 31.70$ resistance, and as we mentioned this morning, the price needs to surpass one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.
To review the expected targets after breaching the mentioned levels, please check our morning report.
The expected trading range for today is between 30.80$ support and 31.70$ resistance.
Trend forecast: Neutral
Gold price is testing the key resistance line 2649.00$, affected by stochastic positivity, which loses its positive momentum gradually, waiting to motivate the price to resume the expected bearish trend for today, which depends on the price stability below the mentioned resistance, reminding you that our targets begin at 2620.70$ and extend to 2604.00$ after breaking the previous level.
The expected trading range for today is between 2615.00$ support and 2650.00$ resistance.
Trend forecast: Bearish
The GBPUSD price trades with strong negativity to start attacking 1.3328$ level, which hints heading to achieve bearish correction in the upcoming sessions, but we will keep our positive overview unless breaking this level and holding with a four-hours’ close below it initially, which will push the price towards 1.3266$ as a next negative station, noting that the first positive target of the expected bullish wave is located at 1.3429$.
The expected trading range for today is between 1.3266$ support and 1.3420$ resistance.
Trend forecast: Bullish