The AUDUSD pair keeps its stability above the bullish channel’s support line that appears on the chart, noticing that stochastic begins overlapping positively now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 0.7413 level initially.
The EMA50 supports the expected rise, which its continuation requires holding above 0.7250.
The expected trading range for today is between 0.7260 support and 0.7400
The expected trend for today: Bullish
Brent oil price tested the key support 43.00 and bounced bullishly from there, to keep the bullish trend scenario valid and active for the upcoming period, and the price needs to breach 43.84 to confirm opening the way to continue rising on the intraday and short term basis, as our next target reaches 44.87.
The EMA50 keeps supporting the price from below to support the positive overview, which will remain valid conditioned by the price stability above 43.00.
The expected trading range for today is between 42.50 support and 45.00 resistance.
The expected trend for today: Bullish
Crude oil price’s recent trades are confined within bullish flag pattern, thus, the price needs to breach 41.20 to activate the positive effect of this pattern and confirm rallying towards achieving more gains in the upcoming sessions, as our next positive targets located at 41.85 followed by 43.05.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50, taking into consideration that the continuation of the bullish wave requires holding above 40.30.
The expected trading range for today is between 40.00 support and 42.50 resistance.
The expected trend for today: Bullish
Silver price fluctuates around 26.90 level and showed attempts to break it, and as we mentioned in our recent reports, the price needs to consolidate above this level to kep the bullish trend scenario active for the upcoming period, which its next targets located at 28.90 followed by 29.80.
Stochastic begins providing positive signals to motivate the price to resume the expected bullish trend, noting that breaking 26.90 will put the price under negative pressure that targets 25.06 areas mainly.
The expected trading range for today is between 26.30 support and 28.00 resistance.
The expected trend for today: Bullish