The AUDUSD pair bounced bullishly after testing 0.7615 level yesterday, to fluctuate around 0.7660 level now, noticing that the price keeps its stability below this level until now, accompanied by witnessing negative signals through stochastic.

Therefore, these factors encourage us to keep our bearish overview, which its targets begin by breaking 0.7615 to confirm extending the bearish wave towards 0.7500, reminding you that it is important to hold below 0.7660 to continue the expected decline.

The expected trading range for today is between 0.7580 support and 0.7690 resistance

The expected trend for today: Bearish

Brent oil price returned to decline clearly after testing the bearish channel’s resistance that appears on the chart, to settle below 62.95 level again, which keeps our bearish overview valid and active for the upcoming period, supported by the negative pressure that the EMA50 continues to provide, waiting to head towards 60.30 that represents our next main target.

On the other hand, we should note that breaching 62.95 followed by 64.00 levels will stop the expected decline and lead the price to turn to rise.

The expected trading range for today is between 61.00 support and 64.00 resistance.

The expected trend for today: Bearish

Crude oil price ended yesterday below 59.85 level after the mixed trades that it witnessed in the previous sessions, to keep the bearish trend dominant on the intraday and short term basis, waiting to resume the negative trades that target 57.25 followed by 54.85 levels as next main stations.

The EMA50 supports the suggested bearish wave, which will remain valid unless the price rallied to breach 59.85 followed by 60.90 levels and hold above them.

The expected trading range for today is between 57.80 support and 60.50 resistance.

The expected trend for today: Bearish

Silver price provided positive trades yesterday to move above 25.50 barrier, noticing that stochastic provides negative signals that we are waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 22.90 level as a next main station.

In general, the bearish trend scenario will remain valid and active on the intraday and short term basis unless breaching 25.50 level and holding above it.

The expected trading range for today is between 24.40 support and 25.50 resistance.

The expected trend for today: Bearish