The AUDUSD achieves intraday gains – Analysis - 17-06-2022
The AUDUSD pair bounced bullishly yesterday to touch 0.7050 level, noticing that the price faced solid resistance there to start declining, which hints heading to resume the bearish trend, waiting to break 0.6995 to confirm the continuation of the decline towards 0.6930 as a next negative station.
Therefore, the bearish bias will be suggested for the upcoming period unless breaching 0.7050 and holding above it.
The expected trading range for today is between 0.6950 support and 0.7060 resistance
The expected trend for today: Bearish
Brent oil price retest the neckline – Analysis - 17-06-2022
Brent oil price succeeded to achieve our waited target at 115.10 and bounced bullishly to retest the broken neckline of the double top pattern that appears on the chart, keeping its stability below it to keep the negative effect of this pattern active, waiting to resume the bearish trend that its targets begin by breaking the mentioned level to open the way to hea towards 110.10.
The EMA50 and stochastic support the suggested negative scenario, noting that breaching 118.00 might push the price to test 121.30 areas before detecting the destination clearly.
The expected trading range for today is between 114.50 support and 119.50 resistance.
The expected trend for today: Bearish
Crude oil price hits the first extended target – Analysis - 17-06-2022
Crude oil price traded with strong negativity yesterday to break 113.70 level and achieve our first extended target at 111.00, noticing that the price showed strong bullish rebound to settle above the first level, but it begins today with bearish bias to support the chances of continuing the bearish trend in the upcoming sessions, supported by stochastic and the EMA50 negativity.
Therefore, we expect to witness negative trades today, and breaking 113.70 will reinforce the chances of targeting 111.00 followed by 109.15 levels as next main stations, noting that breaching 115.60 will stop the negative scenario and lead the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 111.00 support and 116.00 resistance.
The expected trend for today: Bearish
Silver price begins negatively - Analysis - 17-06-2022
Silver price ended yesterday with clear positivity to breach 21.85 level, but we notice that the price begins today negatively to head towards resuming the main bearish trend again, waiting to head towards 21.00 followed by 20.50 levels mainly.
Stochastic current negativity supports the expected decline, and breaking 21.50 will ease the mission of achieving the waited targets, noting that holding below 21.85 is important to continue the expecte decline.
The expected trading range for today is between 21.20 support and 22.00 resistance.
The expected trend for today: Bearish