Crude oil price managed to hit our waited initial target at 91.45, noticing that the price couldn’t continue the upside moves, to record a low top and provides signals for potential return to the bearish correctional track, waiting for testing 89.35 level initially, pointing that breaking this level will push the price towards 87.16 level as a next correctional target.

Therefore, we expect witnessing negative trading in the upcoming sessions, taking into consideration that breaching 91.45 will stop the expected decline and leads the price to resume the main bullish trend.

The expected trading range for today is between 88.80 support and 91.70 resistance.

The expected trend for today: Bearish

The AUDUSD pair shows some of the bearish bias moves with the opening of today’s trading, affected by stochastic negativity, and it might test the critical support at 0.6400 before the return to the upside again.

Until now, the bullish trend scenario remains active unless breaking the mentioned support and holding with a daily close below it, reminding you that our neat main target is located at 0.6545.

The expected trading range for today is between 0.6380 support and 0.6470 resistance

The expected trend for today: Bullish

Silver price settles near 23.70 level, noticing that stochastic surpasses its negative momentum clearly, while the EMA50 keeps providing positive support for the price.

Therefore, we believe that the chances are available for surpassing the mentioned level to open the way towards achieving extra gains that reaches 24.60, being aware that the stability of 23.70 level against the positive attempts will force the price to decline to test 23.00 level before any new positive attempt.

The expected trading range for today is between 23.20 support and 24.00 resistance.

The expected trend for today: Bullish

Gold price find it difficult to surpass 1929.00 level, showing slight bearish bias, affected by stochastic negativity that begins to get rid of the negative momentum, waiting for getting a positive motive that assists to push the price to surpass the mentioned level then rally towards 1945.20 as a next positive target.

Until now, we still prefer witnessing positive trading unless breaking 1913.15 level and holding below it, where breaking this level represents a negative factor that will push the price to suffer new losses that reach 1875.00 levels on the near term basis.

The expected trading range for today is between 1910.00 support and 1940.00 resistance.

The expected trend for today: Bullish