The AUDUSD pair rallied upwards strongly to reach the first extended target at 0.7550, and we believe that the way is open to continue the rise on the short term and medium term basis, reminding you that our next station is located at 0.7615.

Holding above 0.7475 is important to continue the bullish trend, which gets continuous support by the EMA50, as breaking it will press on the price to start correctional bearish wave on the intraday basis.

The expected trading range for today is between 0.7500 support and 0.7600 resistance

The expected trend for today: Bullish

Brent oil price bounced upwards strongly after reaching few pips away from the first waited negative target at 83.00, to breach the bullish flag’s resistance that appears on the chart and heads to achieve expected gains in the upcoming sessions and regain the main bullish trend, on its way to visit 87.40 areas initially.

Therefore, the bullish bias will be suggested for the upcoming period, noting that breaking 84.35 will press on the price to decline and test 81.90 areas before any new attempt to resume the main bullish trend.

The expected trading range for today is between 84.00 support and 86.70 resistance.

The expected trend for today: Bullish

Crude oil price managed to achieve our first suggested positive target in our last technical update at 83.85, and finds solid barrier at the main bullish channel’s resistance that appears on the chart, to head towards achieving potential negative trades in the upcoming sessions.

The price faces contradicted technical factors that makes us prefer staying aside until we get clearer signal for the next trend, noting that breaching 84.00 will lead the price to achieve additional gains that start at 84.40 and extend to 85.00, while breaking 82.60 represents negative factor that will press on the price to start new intraday bearish correction that targets testing 81.60 areas initially.

The expected trading range for today is between 82.00 support and 85.00 resistance.

The expected trend for today: Neutral

Silver price rallied upwards strongly to breach 24.20 and settles above it, confirming the extension of the correctional bullish wave on the intraday and short term basis, paving the way to head towards 25.05 that represents our next main target.

Therefore, we expect to witness more rise in the upcoming sessions, affected by the inverted head and shoulders’ pattern that its its signs appear on the chart, noting that holding above 24.20 represents initial condition to continue the expected rise.

The expected trading range for today is between 24.00 support and 25.00 resistance.

The expected trend for today: Bullish