The AUDUSD pair traded with clear positivity yesterday to approach our waited target at 0.7820, noticing that the price begins today with bearish bias to head towards potential test to the EMA50, affected by stochastic positivity, waiting to get enough positive momentum to push the price to resume the main bullish trend again.

Holding above 0.7710 is important to continue the expected rise, noting that surpassing the mentioned target will extend the bullish wave to reach 0.7910 as a next main station.

The expected trading range for today is between 0.7710 support and 0.7820

The expected trend for today: Bullish

Brent oil price resumed its positive trading after consolidating above 55.78, to head towards achieving positive targets that start at 57.77 and extend to 60.65, supported by the EMA50 that continues to carry the price from below.

On the other hand, we should note that breaking 55.78 will press on the price to test 54.80 level before any new attempt to rise.

The expected trading range for today is between 55.00 support and 57.77 resistance.

The expected trend for today: Bullish

Crude oil price bounced upwards clearly after testing 52.30 yesterday, to reach the recently recorded top at 53.90, waiting to surpass this level to confirm the continuation of the bullish wave and head towards our next positive targets that start at 54.62 and extend to 56.00.

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 52.30.

The expected trading range for today is between 52.30 support and 55.00 resistance.

The expected trend for today: Bullish

Silver price ended yesterday at 25.50, attempting to breach it by today’s open, as we witness signs of double bottom pattern that might push the price to achieve more gains, but it faces negative pressure formed by the EMA50 that might prevent the price from achieving more rise.

Therefore, we prefer staying aside until the price confirms its situation according to the mentioned level, as confirming the breach will push the price to achieve positive targets that start at 27.00 and extend to 27.85, while consolidating below it represents the key to resume the correctional bearish track that its next main target located at 22.87.

The expected trading range for today is between 24.80 support and 26.20 resistance.

The expected trend for today: Neutral