The AUDUSD pair retests the previously broken neckline of the double top pattern and keeps its stability below it, which keeps the negative effect of this pattern active, waiting to resume the bearish trend that targets 0.7060 followed by 0.7000 as next main stations.

We should note that breaching 0.7165 will stop the expected decline and push the price to achieve gains on the intraday basis.

Expected trading range for today is between 0.7060 support and 0.7200

Expected trend for today: Bearish

Brent oil price broke the bullish channel’s support line, but we notice that the EMA50 protects the price from suffering more losses, as it formed solid support base that pushes the price to rise again, besides that stochastic shows positive signals on the four hours’ time frame.

Therefore, we believe that the chacnes are valid to resume the bullish bias in the upcoming sessions, noting that our first positive target is located at 63.95, while holding above 60.70 represents key condition to continue the expected rise.

Expected trading range for today is between 60.70 support and 63.70 resistance.

Expected trend for today: Bullish

Crude oil price tested the bullish channel’s support line and keeps its stability above it until now, noticing that the EMA50 provides good support to the price, while stochastic shows clear positive signals now.

Therefore, our bullish trend expectations will remain valid for the upcoming period, which target 55.80 followed by 57.46 levels as next main stations, while achieving them conditions holding above 51.46 level.

Expected trading range for today is between 52.00 support and 55.00 resistance.

Expected trend for today: Bullish

Silver price retested the previously broken bullish trend line and keeps its stability below it until now, noticing that stochastic shows clear overbought signals now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its targets begin by breaking 15.22 to confirm opening the way to head towards 15.00 followed by 14.73.

We should note that breaching 15.40 will push the price to test 15.62 level before any new attempt to decline.

Expected trading range for today is between 15.10 support and 15.50 resistance.

Expected trend for today: Bearish