The AUDUSD pair settles near the bearish channel’s resistance that appears on the chart, and the price begins providing slight negative trades that hint the price head to resume the recently suggested bearish trend, supported by stochastic negativity, waiting to achieve negative targets that start at 0.7000 followed by 0.6964.

Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless breaching 0.7170 and holding above it.

The expected trading range for today is between 0.7050 support and 0.7180

The expected trend for today: Bearish

Brent oil price traded with strong negativity in the previous sessions to reach 41.00 barrier thresholds now, which supports the continuation of our bearish overview, and the way is open to achieve our main waited negative target at 40.23.

Therefore, we are waiting for more decline today, noting that breaking the targeted level will extend brent oil price losses to reach 38.80 as a next negative station, while the expected decline will remain valid unless the price rallied to breach 42.30 level and hold above it.

The expected trading range for today is between 39.50 support and 42.30 resistance.

The expected trend for today: Bearish

Crude oil price succeeded to achieve our first waited negative target at 39.30 and broke it to settle below it now, which reinforce the expectations of achieving more decline on the intraday and short term basis, and the way is open to head towards our next target at 38.10, noting that surpassing this level will extend the bearish wave to reach 36.10.

Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 40.50 will stop the expected decline and push the price to start new recovery attempts and regain the main bullish trend again.

The expected trading range for today is between 37.50 support and 40.50 resistance.

The expected trend for today: Bearish

Silver price managed to break the intraday bullish channel’s support line and settles below it now, which supports the continuation of our bearish overview efficiently, opening the way to head towards our waited negative target at 23.60.

The EMA50 supports the expected decline, and it is important to monitor the price when reaching the targeted level, as breaking it will extend the bearish wave to reach 22.13 as a next target, while holding below 25.06 represents key condition to continue the negative scenario.

The expected trading range for today is between 23.70 support and 24.80 resistance.

The expected trend for today: Bearish