Crude oil price broke the bullish channel’s support line clearly and approaches to test the key support 78.25$, which urges caution from the upcoming trading, as breaking this level will confirm the continuation of the bearish trend domination and push the price to suffer additional losses that reach 77.25$ followed by 76.00$ as next negative stations.

Brent oil price shows positive trades and attempts to move away from the bullish channel’s support line, and stochastic continues to provide the positive signals, to keep our bullish overview that depends on the price stability above 81.25$, noting that the EMA50 supports the suggested bullish wave, which targets 82.80$ followed by 84.00$ levels as next main stations.

The expected trading range for today is between 80.50$ support and 83.50$ resistance.

Trend forecast: Bullish

Crude oil price crawls upwards in attempt to resume the bullish trend within the bullish channel that appears on the chart, to keep the bullish trend scenario valid and active for today, reminding you that our waited targets begin at 80.70$ and extend to 83.00$ after surpassing the previous level, while achieving them requires holding above 78.25$.

The expected trading range for today is between 78.25$ support and 81.25$ resistance

Trend forecast: Bullish

Silver price trades negatively to press on the key support 30.63$, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the positive scenario active for today, which its next target located at 31.63$, reminding you that breaking the mentioned support will push the price to suffer intraday losses and visit 29.63$ mainly.

The expected trading range for today is between 30.50$ support and 31.40$ resistance.

Trend forecast: Bullish