The AUDUSD pair managed to hit our waited main target at 0.6500, showing more of the bearish bias moves, to press on this level and heads towards continuing the decline on the intraday and short term basis, easing the way towards achieving new negative targets that reach 0.6420.

Therefore, we will keep preferring the bearish trend in the upcoming period, being aware that breaching 0.6535 might push the price to test 0.6610 levels before any new attempt to decline.

The expected trading range for today is between 0.6430 support and 0.6550 resistance

The expected trend for today: Bearish

Brent oil price achieved strong decline in the last sessions to surpass our next target at 87.10 and opens the way towards the continuation of the bearish trend on the intraday and short term basis, pointing that the price opens today with an extra decline to head towards achieving new negative targets that begin at 58.05 and extend to 83.90.

The bearish channels organize the suggested bearish wave, which will remain valid conditioned by holding below 88.20 level.

The expected trading range for today is between 83.20 support and 87.00 resistance.

The expected trend for today: Bearish

Crude oil price settles near 78.00 level after the strong decline that witnessed in last Friday, and gets ready to resume the bearish wave that we expect to reach 75.00 levels on the near-term basis, where it presses on the intraday bearish channel’s support that appears in the image, reinforcing the expectations of the continuation of the bearish trend.

Therefore, we wait for more of the expected downside moves on the intraday and short-term basis, supported by the negative pressure that comes from the EMA50, pointing that holding below 80.90 to achieve the suggested target.

The expected trading range for today is between 76.00 support and 80.00 resistance.

The expected trend for today: Bearish

Silver price declined strongly on last Friday to succeed touching our waited target at 18.80, starting today with additional decline to break this level and head towards achieving more expected bearish bias in the upcoming sessions, as it completed forming double top pattern that appears on the chart, which has negative targets that start by surpassing 18.35 to reach 17.80.

Therefore, we are waiting for more of the downside moves on the intraday and short term basis, taking into consideration that breaching 18.80 will stop the current bearish pressure and leads the price to begin recovery attempts on the intraday basis.

The expected trading range for today is between 18.00 support and 18.80 resistance.

The expected trend for today: Bearish