Crude oil price shows slight bullish bias to move above 58.00 level, while the EMA50 keeps pressing negatively on the price, to keep our bearish overview that depends on the price stability below 60.90, reminding you that our targets begin at 57.40 and extend to 54.60 after breaking the previous level.

The expected trading range for today is between 56.50 support and 59.30 resistance.

The expected trend for today: Bearish

Silver price continues to decline to reach the thresholds of 17.60 level, noting that the price completed forming the head and shoulders’ pattern that supports the chances of breaking the mentioned level followed by opening the way to visit 16.96 level as a next target.

Therefore, the bearish trend will remain suggested for the upcoming period unless the price rallied to breach 18.38 and hold above it.

The expected trading range for today is between 17.50 support and 18.00 resistance.

The expected trend for today: Bearish

Gold price shows some bullish bias after testing 1536.50 level this morning, affected by stochastic positivity, while the EMA50 forms negative pressure that makes us suggest resuming the negative trades to break the mentioned level followed by heading towards 1519.00 as a next target.

In general, the bearish trend scenario will remain expected for today unless the price rallied to breach 1556.70 and hold above it.

The expected trading range for today is between 1519.00 support and 1550.00 resistance.

The expected trend for today: Bearish

The GBPUSD pair provides new negative trades to approach 1.2920 level, while stochastic loses its positive momentum to hint the possibility of facing more negative pressure in the upcoming period, to continue suggesting the bearish trend in the upcoming sessions unless breaching 1.3150 level, reminding you that breaking 1.2920 will push the price to 1.2736 as a next correctional target.

The expected trading range for today is between 1.2900 support and 1.3060 resistance.

The expected trend for today: Bearish