Crude oil price shows new bearish bias to head towards potential test to the key levels between 78.70 and 78.45, which urges caution from the upcoming trading, as the price needs to consolidate above these levels to guarantee not continuing the expected main bullish trend for the upcoming period, which its first target located at 80.95.
Note that breaking the mentioned support lines will stop the positive scenario and put the price under correctional bearish pressure that its first target reach 77.30 areas.
The expected trading range for today is between 78.00 support and 80.95 resistance
Trend forecast: Bullish
Silver price fluctuates within sideways track since morning, waiting to get positive motive that assist to push the price to resume the positive trades and achieve our main expected target at 24.60.
In general, we will continue to suggest the bullish trend for today as long as 23.70 level, reminding you that breaching the targeted level will extend the bullish wave to reach 25.00 followed by 25.50 as next positive stations.
The expected trading range for today is between 23.80 support and 24.60 resistance.
Trend forecast: Bullish
Gold price shows more bullish bias to approach our waited target at 2165.00, and we suggest the continuation of the positive trades and achieve more gains in the upcoming period, reminding you that our next main target reaches 2200.00.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 2144.60 to guarantee not starting bearish correction on the intraday basis.
The expected trading range for today is between 2135.00 support and 2170.00 resistance.
Trend forecast: Bullish
The GBPUSD pair fluctuates within tight range since morning, settling around 1.2740 level, thus, no change to the expected bullish trend for today, which moves organized inside the bullish channel that appears on the chart, waiting to visit 1.2827 as a next main target, reminding you that it is important to hold above 1.2650 to continue the expected rise.
The expected trading range for today is between 1.2660 support and 1.2820 resistance.
Trend forecast: Bullish