The AUDUSD pair trades negatively to press on the bullish channel’s support line that appears on the chart, which urges caution from the upcoming trading, as confirming breaking this level at 0.7275 will stop the recently suggested positive scenario and press on the price to start bearish correction that its main targets begin at 0.6964, while consolidating above it will push the price to resume the rise and visit 0.7413 level initially.

Therefore, we prefer staying aside temporarily until the price confirms its situation according to 0.7275 level followed by detecting the next destination clearly.

The expected trading range for today is between 0.7200 support and 0.7350

The expected trend for today: Neutral

Brent oil price rallied upwards strongly yesterday to surpass our first target at 42.17 and settles above it, reinforcing the expectations of continuing the bullish trend, which its next target located at 43.00.

The EMA50 continues to support the price from below, while stochastic gains the positive momentum gradually, to support the chances of achieve more expected gains in the upcoming sessions, noting that surpassing 43.00 will push the price to 43.84 as a next positive station, while the expected rise will remain valid conditioned by the price stability above 42.17 and the most important above 41.14.

The expected trading range for today is between 41.00 support and 43.84 resistance.

The expected trend for today: Bullish

Crude oil price managed to achieve our first waited target at 40.00 and found solid resistance there, to test the intraday bullish channel’s support line that appears on the chart, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the bullish trend in the upcoming sessions, which its next targets extend to reach 41.85.

Therefore, the bullish trend scenario will remain valid and active on the intraday and short term basis, noting that breaking 39.05 will stop the expected rise and press on the price to turn to decline again.

The expected trading range for today is between 38.70 support and 41.85 resistance.

The expected trend for today: Bullish

Silver price tests the key support base 26.90 now and keeps its stability above it, to keep the bullish trend scenario valid and active for the upcoming period, waiting to get positive motive that assists to push the price to head towards 28.90 followed by 29.80 levels that represent our next main targets.

On the other hand, we should note that breaking 26.90 will stop the suggested bullish trend and press on the price to head towards 25.06 as a main negative target.

The expected trading range for today is between 26.30 support and 28.00 resistance.

The expected trend for today: Bullish