Crude oil price returns to decline after the slight rise that witnessed this morning, therefore, our bearish trend expectations will remain active for today, depending on the stability below 54.60 level, waiting for testing 51.80 level initially, reminding you that breaking this level will extend the bearish wave to reach 50.00 as a next main station.
The expected trading range for today is between 51.80 support and 54.60 resistance.
The expected trend for today: Bearish
Silver price provided positive trading to move above 17.60 level, noticing that stochastic reaches to the overbought levels, waiting for motivating the price to bounce lower to resume the expected bearish trend for today, targeting 16.96 level as a next main station, while achieving it requires the stability of the daily close below 17.60 level.
The expected trading range for today is between 17.20 support and 17.70 resistance.
The expected trend for today: Bearish
Gold price resumes its negative attempts to begin pressing on the initial critical support at 1489.00, waiting for more of the upside moves to surpass 1485.00 level and confirm opening the way towards 1447.00 level that represents our next main target.
In general, we will keep preferring the bearish trend for today, conditioned by holding below 1505.00 level.
The expected trading range for today is between 1470.00 support and 1505.00 resistance.
The expected trend for today: Bearish
The GBPUSD pair succeeded to hit our initial target at 1.3000 and settles near it, waiting for more of the upside moves for the rest of the day supported by the EMA50, reminding you that our next target reach to 1.3180, pointing that the EMA50 keeps supporting the suggested bullish wave, and its continuation requires holding above 1.2840 level.
The expected trading range for today is between 1.2840 support and 1.3020 resistance.
The expected trend for today: Bullish