The AUDUSD pair settles below the broken support of the intraday bullish channel, and the EMA50 forms continuous negative pressure against the price, which keeps the bearish trend scenario valid for the upcoming period, which its next main target located at 0.7065, while holding below 0.7243 represents key condition to achieve it.
The expected trading range for today is between 0.7100 support and 0.7200
The expected trend for today: Bearish
Brent oil price continues to rise to surpass the EMA50 and moves away from it, which supports the continuation of the bullish trend scenario on the intraday and short term basis, and the way is open to head towards 47.60 that represents our next main target.
The bullish channel continues to push the price to achieve the expected gains, reminding you that the continuation of the bullish wave depends on the price stability above 43.90.
The expected trading range for today is between 44.00 support and 47.00 resistance.
The expected trend for today: Bullish
The tight range keeps dominating Crude oil price trades, which hovers around the EMA50, thus, our bullish overview will remain valid as it is without any change, which its targets begin by breaching 43.05 to open the way to head towards 45.00, reminding you that it is important to hold above 41.05 to continue the expected rise.
The expected trading range for today is between 41.05 support and 44.50 resistance.
The expected trend for today: Bullish
Silver price settles below 26.90 level, to keep the negative pressure valid for the upcoming period, supported by the EMA50 that meets the mentioned resistance to add more strength to it, waiting to resume the decline to visit 25.06 mainly.
On the other hand, we should note that breaching 26.90 and holding above it will lead the price to turn to rise again and resume the main bullish trend that its next target located at 29.80.
The expected trading range for today is between 25.80 support and 27.20 resistance.
The expected trend for today: Bearish