Bitcoin price (BTCUSD) faces negative pressure to break 66980.00$ level and attempts to hold below it, to head towards turning to decline for the rest of the day and target 65485.00$ areas mainly.
Therefore, the bearish bias will be suggested for the rest of the day, supported by stochastic current negativity, noting that breaching 66980.00$ and holding above it again will reactivate the bullish wave that its next target located at 68050.00$.
The expected trading range for today is between 65500.00$ support and 68000.00$ resistance.
Trend forecast: Bearish
Brent oil price is testing the key support 75.36$, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend valid and active for the upcoming period, supported by the EMA50, reminding you that our next target is located at 76.84$, while breaking 75.36$ represents the key to suffer additional losses and head to visit 73.90$ areas.
The expected trading range for today is between 74.70$ support and 77.70$ resistance.
Trend forecast: Bullish
Crude oil price faces solid resistance at 72.15$, to show some bearish bias, which urges caution from the upcoming trading, as breaking 71.45$ will push the price to achieve more decline and test 70.58$ before any new attempt to rise.
Breaching 72.15$ will push the price towards 73.70$ as a next positive target, while breaking 70.58$ represents the key to return to the bearish track and achieve negative targets that start at 68.65$.
The expected trading range for today is between 70.80$ support and 73.80$ resistance
Trend forecast: Bullish
Silver price is testing the bullish channel’s resistance line, and the bullish trend still valid for today as long as long as 34.25$ level remains intact, supported by the EMA50, reminding you that we are waiting to visit 35.00$ followed by 35.55$ as next main targets.
The expected trading range for today is between 34.20$ support and 35.10$ resistance.
Trend forecast: Bullish