Crude oil price managed to break 89.35 level and moves away from it now, to activate the negative effect of the head and shoulders’ pattern and gets negative motive that we are waiting to push the price towards 87.16 as a next main target.

Therefore, the bearish trend scenario will remain dominant for the rest of the day, supported by moving below the EMA50, noting that the continuation of the bearish wave depends on the price stability below 89.35 and the most important below 90.15.

The expected trading range for today is between 87.50 support and 90.50 resistance.

The expected trend for today: Bearish

Silver price hovers around the EMA50, and our neutrality still valid until the price confirms its situation according to 23.00 level to detect the next targets clearly.

To review the details of the expected targets for the upcoming period, please check our morning report.

The expected trading range for today is between 22.70 support and 23.50 resistance.

The expected trend for today: Neutral

Gold price resumes its negative trading to start moving away from 1929.00 level, to support the continuation of the expected bearish trend for today, and the way is open to achieve our main waited target at 1913.15.

Surpassing the EMA50 will ease the mission of achieving the expected decline, waiting for more bearish bias in the upcoming sessions conditioned by the price stability below 1929.00.

The expected trading range for today is between 1910.00 support and 1940.00 resistance.

The expected trend for today: Bearish

The EURUSD pair shows positive trades after attempting to break 1.0635 level this morning, and it might head to test the bearish channel’s resistance that appears on the chart before turning back to decline again.

Until now, the bearish trend scenario still valid for today as long as 1.0685 level remains intact, reminding you that our main waited target reaches 1.0515.

The expected trading range for today is between 1.0530 support and 1.0685 resistance.

The expected trend for today: Bearish