Crude oil price continues to decline calmly on its way for potential test to 58.00 barrier initially, as the price is affected by stochastic negativity, while the price still inside the bullish channel that appears on the chart.
In general, the bullish trend scenario will remain valid as long as the price is above 57.40, supported by the EMA50 that carries the price from below, reminding you that our next main target is located at 60.90.
The expected trading range for today is between 57.40 support and 60.90 resistance.
The expected trend for today: Bullish
Silver price fluctuates within tight track since morning, and as long as the price is below 16.96, the negative scenario will remain valid for today, supported by the negative pressure formed by the EMA50, waiting to get negative motive that assists to push the price towards our main waited target at 16.33.
The expected trading range for today is between 16.33 support and 16.75 resistance.
The expected trend for today: Bearish
Gold price shows weak trades since morning and settles around 1460.00, and we might witness some temporary rise affected by stochastic positivity before turning back to decline again.
In general, we will continue to suggest the correctional bearish trend as long as 1489.00 level remains intact, reminding you that our waited targets begin at 1447.00 and extend to 1413.10 after surpassing the previous level.
The expected trading range for today is between 1445.00 support and 1470.00 resistance.
The expected trend for today: Bearish
The GBPUSD pair succeeded to touch our first waited target at 1.3180, as it shows new positive trades since morning, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our next target is located at 1.3380, while holding above 1.2990 represents key condition to achieve it.
The expected trading range for today is between 1.3080 support and 1.3240 resistance.
The expected trend for today: Bullish