The AUDUSD pair fluctuates near 0.7100 level since morning, noticing that stochastic loses its bullish momentum gradually approaching from the overbought levels, which supports the continuation of the expected bearish trend in the upcoming period, depending on the stability below 0.7200 level.

The EMA50 supports the suggested decline, which its main targets begin by testing the psychological barrier at 0.7000.

Expected trading range for today is between 0.7000 support and 0.7200

Expected trend for today: Bearish

Crude oil price trading confined between the critical resistance at 46.85 and the EMA50 which acts as an important support now at 45.25, as long as the price below the mentioned resistance, so the bearish trend scenario remains valid and active, waiting for visiting 43.37 level initially, reminding you that breaking this level will extend the bearish wave to reach the previously recorded bottom at 37.73 on the near basis.

Expected trading range for today is between 43.00 support and 47.00 resistance.

Expected trend for today: Bearish

Silver price shows sideway and tight range trading since morning, settled near the minor bearish channel’s support, while the bullish trend scenario remains valid supported by stochastic positive signal that appears in the four hours time frame, which its targets begin by breaching 16.00 level to confirm opening the way towards heading to 16.85 as a next main station.

We remind you that holding above 15.40 level represents an important condition for the continuation of the suggested bullish trend, where breaking it will put the price under negative pressure that targets 14.85 then 13.69 levels mainly.

Expected trading range for today is between 15.40 support and 16.30 resistance.

Expected trend for today: Bullish

Gold price keeps its stability below the broken neckline level of the double top pattern, to keep the negative pressure valid on the intraday basis, targeting visiting 1125.00 and 1116.00 levels mainly.

Therefore, we keep preferring the bearish trend in the upcoming period, which gets good support from the EMA50, reminding you that monitoring the price behavior when reaching the targeted level is important, due to its importance to detect the next trend on the short and medium term basis.

Expected trading range for today is between 1125.00 support and 1160.00 resistance.

Expected trend for today: Bearish