Crude oil price shows new strong negative trades to surpass the first waited target at 68.10 and breaks it to close the last four hours’ candlestick below it, which supports the expectations of extending the bearish wave to head towards 66.20 as a next negative target.

Therefore, our bearish overview will remain active for today supported by the negative pressure formed by the EMA50, noting that holding below 68.10 represents the first condition to continue the expected decline, as breaching it might push the price to start recovery attempts and head to test 70.55 areas mainly.

The expected trading range for today is between 66.50 support and 68.50 resistance.

The expected trend for today: Bearish

Silver price resumes its positive trading to surpass 23.05 level and settles above it, waiting to get positive motive that pushes the price to continue the rise and head towards our next main target at 24.00.

Therefore, the bullish trend scenario will remain valid for today, noting that failing to breach 23.05 will put the price under intraday negative pressure that targets visiting 22.13 level before any new positive attempt.

The expected trading range for today is between 22.70 support and 23.60 resistance.

The expected trend for today: Bullish

Gold price showed some bearish bias and bounced bullishly to resume the overall bullish trend, which still active depending on the price stability above 1962.50 level, supported by the EMA50 that carries the price from below, reminding you that our targets begin by breaching 2009.78 to open the way to head towards 2040.00.

Note that breaking the mentioned support line will stop the expected rise and press on the price to achieve additional bearish correction on the intraday basis.

The expected trading range for today is between 1980.00 support and 2020.00 resistance.

The expected trend for today: Bullish

The GBPUSD pair traded with clear negativity to break the intraday bullish channel’s support line and attempts to hold below it, to hint heading to start correctional bearish wave on the intraday basis, which monitoring the price behavior according to 1.2210, as holding below it will confirm the continuation of the bearish bias and achieve negative targets that start at 1.2145 and extend to 1.2025.

Now, the price needs to step above 1.2210 again to resume the bullish wave that targets 1.2440 as a next main station.

The expected trading range for today is between 1.2140 support and 1.2290 resistance.

The expected trend for today: Bullish