The AUDUSD pair reached few pips away from our first waited target at 0.7125 and bounced bullishly to test the key resistance 0.7205, noticing that the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum clearly.
Therefore, we believe that the chances valid to resume the bearish trend, which targets 0.7125 followed by 0.7000 levels as next main stations, while achieving them requires holding below 0.7205.
The expected trading range for today is between 0.7120 support and 0.7240 resistance
The expected trend for today: Bearish
Brent oil price tested the bullish channel’s support line and keeps its stability above it, to start providing positive trades in attempt to resume the bullish trend, motivated by stochastic positivity.
Therefore, our bullish overview will remain valid and active on the intraday and short term basis, reminding you that our next main target reaches 84.55, while achieving it requires holding above 80.80.
The expected trading range for today is between 80.20 support and 83.20 resistance.
The expected trend for today: Bullish
Crude oil price leans on the bullish channel’s support line and attempts to resume the bullish wave, noticing that the EMA50 continues to support the price from below, while stochastic provides clear positive signals now.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which targets 81.75 as a next main station, while achieving it requires holding above 78.40.
The expected trading range for today is between 77.80 support and 80.80 resistance.
The expected trend for today: Bullish
Silver price provided slight positive trades but it returns to decline now, motivated by stochastic negativity, waiting for more bearish bias to resume the bearish trend that its targets begin by breaking 22.00 to open the way to head towards 21.40.
The EMA50 supports the expected decline, reminding you that it is important to hold below 22.60 to achieve the suggested targets.
The expected trading range for today is between 21.70 support and 22.60 resistance.
The expected trend for today: Bearish