The AUDUSD pair faced temporary negative pressure yesterday but it closed the daily candlestick above 0.6980, to keep the bullish trend scenario active, waiting to head towards 0.7050 that represents our next target.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 0.6980 and the most important above 0.6910.
The expected trading range for today is between 0.6970 support and 0.7050 resistance
The expected trend for today: Bullish
Brent oil price faces negative pressure to test the EMA50 that forms good support against the price at 105.80 now, to protect yesterday’s suggested positive scenario, noticing that stochastic gathers the positive momentum to support the chances of resuming the bullish bias in the upcoming sessions.
Therefore, the bullish bias will be expected for today, and the targets begin at 109.55, noting that breaking 105.80 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 104.00 support and 109.55 resistance.
The expected trend for today: Bullish
Crude oil price found solid resistance at 98.25, to rebound downwards clearly and head towards retesting the breached resistance of the main bearish channel, which turns into support now at 94.90, noting that the price needs to hold above this level to keep the positive scenario active, which targets testing the mentioned resistance initially.
Stochastic shows positive signals that support the chances of rising in the upcoming sessions, noting that breaking 94.90 will stop the positive scenario and press on the price to return to the main bearish channel again.
The expected trading range for today is between 94.00 support and 98.80 resistance.
The expected trend for today: Bullish
Silver price rallied upwards to succeed achieving our extended target at 20.00, and attempts to breach this level now to hint heading to achieve more gains in the upcoming sessions, as the next target reaches 20.50.
Therefore, we expect the continuation of the bullish bias on the intraday basis, noting that breaking 19.60 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 19.70 support and 20.60 resistance.
The expected trend for today: Bullish