Crude oil price achieves clear gains now to test 90.00$ barrier now, and as long as the price is below 91.15, our bearish overview will remain valid, supported by stochastic loss to the positive momentum, reminding you that our targets begin at 87.40 and extend to 85.90.
Gold price trades with clear negativity to break 1779.25 level and settles below it, waiting for resuming the positive trading after leaning on the bullish channel’s support to head towrdas our next positive target at 1802.80, being aware that holding above 1755.70 is important for the continuation of the expected rise.
The EURUSD pair faces extra negative pressure to break 1.0200 level, and heads towards testing the most important support at 1.0100, which requires being aware from the upcoming trading, where the price needs to settle above this level to keep the positive scenario active, supported by gaining positive momentum by stochastic clearly, pointing that our initial target at 1.0278.
Brent oil price shows slight bearish bias now, to support the continuation of the expected bearish trend scenario for today, which moves organized inside the bearish channel that has negative targets that reach 95.90 followed by 90.45, while the expected decline will remain valid unless the price rallied to breach 99.00 and hold above it.
The expected trading range for today is between 95.00 support and 99.20 resistance.
The expected trend for today: Bearish