Crude oil price is testing the broken minor support line that appears on the chart, and as long as the price is below 77.86, the bearish trend scenario will remain valid for today, supported by the EMA50 that presses negatively on the price, reminding you that our main waited target reaches 73.73.
The expected trading range for today is between 74.40 support and 77.50 resistance.
The expected trend for today: Bearish
Silver price resumes its positive trading to reach 23.70 level, and we suggest surpassing this level to continue the rise and achieve additional positive targets that reach 24.60.
Therefore, the bullish trend will remain suggested for the upcoming period, taking into consideration that failing to breach 23.70 might push the price to decline towards 23.00 areas before any new attempt to rise.
The expected trading range for today is between 22.90 support and 23.80 resistance.
The expected trend for today: Bullish
Gold price trades positively to breach 1962.35 level and attempts to hold above it, affected by stochastic positivity, which urges caution from the upcoming trading, as the price needs to trade below this level to keep the bearish trend scenario active, which its next main target located at 1933.30.
On the other hand, we should note that continuing the rise and breaching 1975.00 will stop the expected decline and push the price to turn to rise.
The expected trading range for today is between 1940.00 support and 1975.00 resistance.
The expected trend for today: Bearish
The GBPUSD pair shows calm negative trades to test 1.2400 barrier, waiting for more decline to achieve our main expected target at 1.2297, to continue suggesting the bearish trend for the rest of the day, which will remain valid unless the price rallied to breach 1.2460 and hold above it.
The expected trading range for today is between 1.2300 support and 1.2450 resistance.
The expected trend for today: Bearish