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Crude oil surpasses the resistance – Analysis - 05-03-2018
The 60.14 level showed solid support against Crude oil price attempts to decline, which pushed trades to rise and breach 61.40 level and settle above it, hinting the price head to regain the main bullish trend that stopped recently for bearish correction, specially that the price completed forming positive formation after breaching the last level.
Therefore, we expect witnessing more rise in the upcoming sessions, to start the positive targets at 62.65 and extend to 64.20, noting that breaking 61.40 and holding below it will put the price under the negative pressure and threat the key support 60.14, to provide new chances to break it and extend oil price losses on the short term basis.
Expected trading range for today is between 60.00 support and 63.50 resistance.
Expected trend for today: Bullish
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Silver resumes rising – Analysis - 05-03-2018
Silver price shows sideways trades now after keeping its stability above the bullish trend line that appears on the chart, which supports the continuation of the expected bullish trend scenario on the intraday and short term basis, which gets positive signal through stochastic, waiting to target 17.43 that represents our next main station.
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