Crude oil price managed to surpass 65.63 level to confirm extending the bullish wave on the intrady and short term basis, opening the way to head towards 67.00 that represents our next target, reminding you that it is important to hold above 63.79 as a major condition to continue the expected rise.

Gold price found solid support at 1692.00 to show some bullish bias and head towards potential test to the first key resistance 1712.00, and the price needs to hold below this level to keep the negative scenario valid for the upcoming period, which its next target located at 1655.00, noting that breaching the mentioned resistance will lead the price to achieve additional gains that reach 1725.00 followed by 1740.00.

The EURUSD pair succeeded to reach our waited target at 1.1888 and settles near it, waiting for confirmation signal for the next trend, reminding you that breaking this level will push the price to head towards 1.1780 as a next negative station, while holding against the negative pressure will lead the price to start recovery attempts that target testing 1.1976 initially.

Wheat price returns to test the intraday bearish channel’s resistance and keeps its stability below it, which keeps our bearish overview valid and active for today, supported by the negative pressure formed by the EMA50, depending on the price stability below 662.50, noting that our waited targets begin at 664.20 and extend to 629.40 after breaking the previous level.

The expected trading range for today is between 640.00 support and 657.00 resistance.

The expected trend for today: Bearish