The AUDUSD keeps its negative stability – Analysis - 06-10-2021
The AUDUSD pair resumes its negative trading by today’s open after consolidating below 0.7290 level, to keep the bearish trend scenario valid and active for the upcoming period, waiting to break 0.7245 to ease the mission of heaing towards our next main target at 0.7170.
Stochastic supports the expected decline, which will remain valid conditioned by the price stability below 0.7290.
The expected trading range for today is between 0.7210 support and 0.7300 resistance
The expected trend for today: Bearish
Brent oil price achieves the full targets – Analysis - 06-10-2021
Brent oil price succeeded to achieve our extended target at 82.70, noticing that the price bounced bearishly from there to head towards potential visit to the bullish channel’s support line that appears on the chart, making the bearish trend suggested in the upcoming sessions, supported by stochastic negativity.
The expected targets begin at 79.90 and extend to 77.70, taking into consideration that breaching 83.05 will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 80.50 support and 83.30 resistance.
The expected trend for today: Bearish
Crude oil price hits the target – Analysis - 06-10-2021
Crude oil price begins to rebound bearishly after touching the main bullish channel’s resistance, which hints heading to start bearish wave on the intraday basis, targeting 77.85 followed by 76.65 as first negative stations, noting that breaking the last level will extend the bearish wave to reach 74.35.
Therefore, the bearish trend will be suggested for the upcoming period unless breaching 79.60 and holding above it.
The expected trading range for today is between 77.00 support and 80.00 resistance.
The expected trend for today: Bearish
Silver price gets a negative signal - Analysis - 06-10-2021
Silver price fluctuates within tight sideways track in the previous sessions, noticing that stochastic begins to provide negative signals now, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which its targets begin at 21.65.
Breaking 22.30 will ease the mission of achieving the expected decline, which will remain valid unless the price rallied to breach 22.90 and hold above it.
The expected trading range for today is between 22.00 support and 22.70 resistance.
The expected trend for today: Bearish