Crude Oil Price Analysis

Expected Scenario

• The price of crude oil resumes its negative trading, breaking below 84.90$ and attempting to hold below it.
• This reinforces expectations of continuing the bearish trend for the rest of the day.
• The main awaited target is at 83.10$.

Expected Outcome

The price is expected to continue the bearish trend.

Expected Trading Range

Between the support at 83.60$ and the resistance at 86.60$.

Silver Price Analysis

Expected Scenario

• The price of silver maintains stability above the 28.00$ level.
• Stochastic indicators overlap positively, indicating a potential bullish trend continuation for today.
• The next target for the bullish trend is located at 29.80$.
• Breaking the 28.00$ level will trigger additional bearish correction, with the next target at 26.90$.

Expected Outcome

The price is expected to continue the bullish trend.

Expected Trading Range

Between the support at 27.95$ and the resistance at 28.80$.

Gold Price Analysis

Expected Scenario

• The price of gold is currently showing a slight bearish bias.
• There might be a test of the key support at 2325.90$ before a potential upward movement resumes.
• The bullish trend scenario remains valid unless the mentioned support is broken and held below.
• The bullish outlook is supported by stochastic positivity and the EMA50.
• Targets start at 2393.00$ and extend to 2510.00$ after surpassing the previous level.

Expected Outcome

The price is expected to maintain a bullish trend.

Expected Trading Range

Between the support at 2345.00$ and the resistance at 2390.00$.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD pair is currently testing the key resistance at 1.2480$.
• Caution is advised for upcoming trading, as the price needs to hold below this level to maintain the bearish trend scenario for today.
• The target for the bearish trend is set at 1.2385$ as the next correctional station.

Expected Outcome

The price is expected to maintain the bearish trend.

Expected Trading Range

Between the support at 1.2370$ and the resistance at 1.2520$.