The AUDUSD pair ended yesterday below 0.6400 level, to stop the recently suggested positive scenario and head towards expected turn to decline, and we expect to target 0.6330 followed by 0.6275 levels as next main stations.

Therefore, the bearish bias will be expected for today, supported by moving below the EMA50, noting that breaching 0.6400 will stop the suggested negative scenario and lead the price to recover again.

The expected trading range for today is between 0.6330 support and 0.6430 resistance

The expected trend for today: Bearish

Brent oil price couldn’t manage to hold for long time below 92.74, to rebound upwards clearly and surpass the correctional bearish channel’s resistance that appears on the chart and settles above it, which leads the price to turn to rise and head to resume the main bullish trend again, on its way to achieve gains that start by visiting the recently recorded high at 96.05.

Therefore, we expect to witness more bullish bias in the upcoming sessions supported by the EMA50 that carries the price from below, noting that breaking 92.74 will stop the positive scenario and put the price under the correctional bearish pressure again.

The expected trading range for today is between 93.20 support and 96.20 resistance.

The expected trend for today: Bullish

Crude oil price opened today’s trading with additional positivity to surpass 91.10 level and settles above it, to confirm stopping the correctional bearish scenario and head towards achieving expected gains in the upcoming sessions, targeting visiting 92.90 level as a first main station.

Therefore, the bullish bias will be expected for today, and breaching the targeted level will extend the bullish wave to reach 94.00 areas, while breaking 90.75 will stop the expected rise and put the price under the negative pressure again.

The expected trading range for today is between 90.30 support and 93.20 resistance.

The expected trend for today: Bullish

Silver price ended yesterday below 23.00 level, to fall under expected negative pressure in the upcoming sessions and head towards achieving negative targets that reach 22.25, making the bearish bias suggested on the intraday basis.

Moving below the EMA50 supports the continuation of the negative trades, and we should note that breaking the targeted level will extend the bearish wave to reach 21.35 areas on the near term basis, while the continuation of the bearish wave depends on the price stability below 23.00.

The expected trading range for today is between 22.25 support and 23.00 resistance.

The expected trend for today: Bearish