Silver price settles around 23.60 level since morning, and as long as the price is below 24.20, the bearish trend scenario will remain valid and active for today, supported by the negative pressure formed by the EMA50, reminding you that our targets begin at 23.15 and extend to 22.25 after breaking the previous level.
The expected trading range for today is between 23.00 support and 23.85 resistance.
The expected trend for today: Bearish
Brent oil price trades with clear negativity to start pressing on 80.80 level, to head towards potential return to the correctional bearish track, but we still neutral until the price confirms breaking this level or consolidating above it followed by achieving new gains on the intraday and short term basis.
To review the details of the expected targets for the upcoming period, please check our previous report.
The expected trading range for today is between 79.50 support and 82.50 resistance.
The expected trend for today: Neutral
Crude oil price resumes its negative trades to move away from 78.95 level, reinforcing the expectations of continuing the correctional bearish trend, supported by the negative signals provided by stochastic, waiting to visit 76.40 level as a first station, reminding you that the continuation of the bearish wave depends on the price stability below 78.95 and 79.85 levels.
The expected trading range for today is between 76.40 support and 79.85 resistance.
The expected trend for today: Bearish
Gold price resumes its negative trading now in attempt to move away from 1800.00 level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, supported by stochastic loss to the positive momentum, depending on the price stability below the mentioned level, reminding you that our main waited target is located at 1770.00.
The expected trading range for today is between 1770.00 support and 1805.00 resistance.
The expected trend for today: Bearish