Crude oil price trades positively now to move above 66.00 barrier, which supports the continuation of our bullish overview in the upcoming sessions, and the way is open to achieve our first target at 67.00, reminding you that breaching this level will extend the bullish wave to reach 70.55, while holding above 64.90 represents major condition to continue the expected rise.
The expected trading range for today is between 64.90 support and 67.50 resistance.
The expected trend for today: Bullish
Silver price settles near the bearish channel’s resistance, and the negative signals still valid by stochastic and the EMA50, to keep the bearish trend scenario active for today, which targets 14.73 level initially, while achieving it conditions holding below 15.00 and the most important below 15.22.
The expected trading range for today is between 14.70 support and 15.05 resistance.
The expected trend for today: Bearish
Gold price provides new positive attempts to approach testing 1282.00 again, while stochastic keeps providing the negative signals on the four hours’ time frame, waiting to resume the bearish bias in the upcoming sessions, supported by the EMA50, reminding you that our next target is located at 1253.20, while holding below 1282.00 represents key condition to continue the suggested decline.
The expected trading range for today is between 1253.20 support and 1290.00 resistance.
The expected trend for today: Bearish
The GBPUSD pair continues to decline to surpass 1.2900 barrier, reinforcing the expectations of continuing the bearish trend for the rest of the day, supported by the negative pressure formed by the EMA50, noting that our next target is located at 1.2800, while achieving it conditions holding below 1.2962 and the most important below 1.3005.
The expected trading range for today is between 1.2810 support and 1.2980 resistance.
The expected trend for today: Bearish