BTCUSD prices settle on a cautious rise in their last intraday trading, to retest $88,00 resistance, recovering some of its previous losses, and it managed to offload its oversold conditions on relative strength indicators, amid the continuation of the negative pressure due to its trading below EMA50, which intensifies the negative pressure due to its trading alongside main bearish trend line on short-term basis.

Therefore, our expectations suggest a decline in the upcoming intraday trading, if the resistance settles at $88,000, to target the support levels at $86,000.

 Expected trading range for today: between $86,000 support and $89,000 resistance

Today’s forecast: Bearish

Brent attempts to gain bullish momentum in its last intraday trading, attempting to offload some of its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, which helps to keep the bullish momentum around the price, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, especially with its trading alongside trend line.

Therefore, our expectations suggest a rise in brent prices during the upcoming intraday trading, especially if it settles above $64.50, to target $66.00 key resistance.

 Expected trading range for today: between $64.50 support and $66.00 resistance

 Today’s forecast: Bullish

The price of (crude oil) fluctuated on its last intraday levels, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, to gather its bullish momentum that might help it to rise again, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive minor trend line for this trend, besides the continuation of the positive support due to its trading above EMA50, reinforcing the chances of a recovery on a near-term basis.

Therefore, we suggest a rise in (crude oil) prices in their upcoming intraday trading, conditioned by the stability of $60.00 support, to target $62.00 key resistance.

Expected trading range for today: Between the support at $60.00 and resistance at $62.00.

Today’s forecast: Bullish

The price of (silver) settles on gains in its last intraday trading, after reaching the previously expected resistance in our previous analysis at $110.00, to attempt to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from there, to gather its bullish momentum that might help it to breaching its current resistance, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis.

Therefore, our expectations suggest a rise in silver price’s upcoming intraday trading, conditioned by breaching $110.00 resistance to target its next resistance at $115.00.

Expected trading range for today: Between the support at $103.00 and resistance at $115.00.

Today’s forecast: Bullish