Crude oil price settles around 40.80 level since morning, and as long as the price is below 41.60, our bearish overview will remain valid for today, supported by stochastic negativity, reminding you that we are waiting to visit 39.30 followed by 38.10 levels as next main stations.
The expected trading range for today is between 39.00 support and 42.00 resistance.
The expected trend for today: Bearish
Silver price continues to fluctuate around the bullish channel’s support line, and we still need a confirmed break to this support to reinforce the expectations of continuing the bearish trend in the upcoming sessions, which targets 23.60 level mainly.
In general, the bearish trend scenario will remain valid and active unless breaching 25.06 level and holding above it.
The expected trading range for today is between 23.90 support and 25.20 resistance.
The expected trend for today: Bearish
Gold price shows positive trades to move away from 1901.80 level, which hints the price head to recover and achieve more gains, but we need to monitor the daily candlestick according to this level to confirm the next destination clearly, which makes us continue with our neutrality until now.
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 1885.00 support and 1930.00 resistance.
The expected trend for today: Neutral
The GBPUSD pair provided positive trades to test 1.3100 barrier and returns to trade below it, which keeps the bearish trend scenario active for today, which targets 1.3000 level mainly, noting that breaching 1.3175 will stop the expected decline and leads the price to resume the main bullish trend again.
The expected trading range for today is between 1.2970 support and 1.3150 resistance.
The expected trend for today: Bearish temporarily