Crude Oil Price Analysis

Expected Scenario

• Crude oil price shows some bullish bias to head towards potential test to the key resistance 83.90$.
• As long as the price is below this level, our bearish overview will remain valid for today.
• Breaching this level will stop the correctional bearish scenario and lead the price to regain the main bullish trend again.
• The next target of the expected bearish wave is located at 81.50$.

Expected Trading Range

Between the support at 81.00$ and the resistance at 83.00$.

Silver Price Analysis

Expected Scenario

• Silver price managed to break 26.90$ and closed the last four hours’ candlestick below it, to support the continuation of the expected bearish trend for today.
• This targets 26.00$ as a next negative station.
• Therefore, we are waiting for more expected decline in the upcoming sessions, noting that the continuation of the bearish wave requires holding below 26.90$.

Expected Trading Range

Between the support at 26.45$ and the resistance at 27.20$.

Gold Price Analysis

Expected Scenario

• Gold price achieved initial break to 2325.90$ and closed the last four hours’ candlestick below it, reinforcing the expectations of continuing the bearish trend efficiently in the upcoming sessions.
• This opens the way to target 38.2% Fibonacci correction level at 2260.60$.
• Therefore, our bearish overview will remain valid for today, noting that holding below 2325.90$ represents initial condition to the continuation of the expected decline.
• Breaching it will lead the price to start recovery attempts that target testing the most important resistance for the intraday trades at 2368.50$.

Expected Trading Range

Between the support at 2300.00$ and the resistance at 2345.00$.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price trades negatively now to confirm the continuation of the bearish bias domination on the intraday basis.
• This targets testing 1.2480$ as a next main station.
• It is important to monitor the price when reaching the targeted level, as breaking it will push the price to suffer additional losses and head towards 1.2385$ as a next target.
• The expected decline will remain valid unless the price rallied to breach 1.2580$ and hold above it.

Expected Trading Range

Between the support at 1.2460$ and the resistance at 1.2600$.