Bitcoin (BTCUSD) Price Analysis

Expected Scenario

• Bitcoin price (BTCUSD) resumes its positive trading to move away from 65390.00$ level, reinforcing the expectations of continuing the bullish trend for today, and the price needs to surpass 67080.00$ level to reinforce the expectations of rallying towards 70000.00$ as a next main target.
• Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 65390.00$ and holding below it.

Expected Trading Range

Between 64000.00$ support and 68000.00$ resistance.

Brent Oil Price Analysis

Expected Scenario

• Brent oil price hovers around the EMA50 that forms good resistance against the price, waiting to surpass this level to confirm extending the bullish wave towards 84.77$, to keep the bullish bias suggested for today.
• On the other hand, we should note that breaking 82.40$ will stop the suggested rise and push the price to resume the correctional bearish wave and head towards 80.08$ as a next negative target.

Expected Trading Range

Between 82.20$ support and 85.10$ resistance.

Crude Oil Price Analysis

Expected Scenario

• Crude oil price shows slight negative trades now, hinting heading to test 77.64$ areas in the upcoming sessions, to keep the price confined inside the sideways range that its lines represented by the mentioned levels until managing to breach one of them to detect its next targets clearly.
• To review the details of the expected targets after the breach, please check our morning report.

Expected Trading Range

Between 77.60$ support and 80.60$ resistance.

Silver Price Analysis

Expected Scenario

• Silver price is testing 29.80$ again, and as long as the price is below this level, our bearish overview will remain valid on the intraday basis, as breaching this level will push the price to achieve new gains that start at 30.35$ and extend to 31.00$, while the first target of the suggested bearish wave is located at 28.90$.

Expected Trading Range

Between 29.00$ support and 29.80$ resistance.