Crude oil price finds solid support formed by the EMA50, waiting to resume the negative trades to test the first correctional level at 81.25, to continue suggesting the bearish trend as long as the price it below 85.15, as breaching this level will stop the suggested correctional scenario and lead the price to regain the main bullish trend again.
The expected trading range for today is between 82.00 support and 85.00 resistance.
The expected trend for today: Bearish
Silver price shows sideways trading since morning, keeping its stability above 24.20, thus, our bullish overview will remain valid and active for today, waiting to get positive momentum that assist to push the price to head towards our next positive target that reaches 25.05.
The expected trading range for today is between 24.10 support and 24.90 resistance.
The expected trend for today: Bullish
Gold price faces negative pressure to test the key horizontal support that appears on the chart at 1830.00, accompanied by stochastic approach to the oversold areas, waiting to rebound bullishly and head towards our next positive target at 1860.00, to keep our bullish overivew that moves inside the bullish channel that appears on the chart unless breaking 1825.15 and holding below it.
The expected trading range for today is between 1825.00 support and 1860.00 resistance.
The expected trend for today: Bullish
The GBPUSD pair shows additional negative trades to complete forming double top pattern that its signs appear on the chart, which supports the continuation of our bearish overview efficiently for the rest of the day, and the way is open to achieve our first waited target at 1.3530, noting that breaking it will push the price to 1.3460 as a next correctional station, while holding below 1.3610 represents major condition to achieve these targets.
The expected trading range for today is between 1.3500 support and 1.3660 resistance.
The expected trend for today: Bearish