Crude oil price rallied upwards strongly to breach 69.25 level and heads towards achieving more expected gains in the upcoming sessions, on its way to visit 71.05 as a next positive station, noting that breaching this level will add more confirmation to the return to the main bullish track, while consolidating below it might press on the price to resume the correctional bearish trend again.

Gold price touched 1797.00 level and finds solid support there, waiting to break this level to activate the negative effect of the double top pattern and rally towards 1770.00 that represents our next negative target, to keep our bearish overview unless the price rallied to breach 1825.15 and hold above it.

The EURUSD pair trades with clear positivity to test the bearish channel’s resistance and attempts to breach it, which urges caution from the upcoming trading, as confirming the breach will stop the recently suggested negative scenario and lead the price to achieve intraday gains that start at 1.1888.

Brent oil price achieved initial breach to 69.60 and closed the last four hours’ candlestick above it, which leads the price to turn to rise for the rest of the day, on its way to test 71.20 initially.

Therefore, the bullish bias will be suggested for the upcoming sessions unless breaking 69.60 and holding below it again.

The expected trading range for today is between 69.00 support and 71.20 resistance.

The expected trend for today: Bullish for the rest of the day