The AUDUSD price rose clearly yesterday to approach the bearish channel’s resistance line that appears on the chart, noticing that stochastic gains the positive momentum now to support the chances of resuming the positive trades in the upcoming sessions, to head towards visiting 0.6310$ level mainly.

Therefore, we will continue to suggest the bullish trend on the intraday basis, noting that breaking 0.6230$ will stop the bullish wave and push the price to resume the main bearish track within the mentioned channel.

The expected trading range for today is between 0.6210$ support and 0.6310$ resistance

Trend forecast: Bullish

Brent oil price traded with clear positivity yesterday, as it touched 77.80$ level, but it declined strongly to break 76.84$ and fall under expected negative pressure in the upcoming sessions, and we suggest the continuation of the bearish trend on the intraday basis to head towards testing 75.70$ followed by 75.36$ levels mainly.

Holding below 76.84$ is important to the continuation of the expected decline, as breaching it will lead the price to recover again and achieve gains that reach to 78.66$ areas.

The expected trading range for today is between 75.00$ support and 77.90$ resistance.

Trend forecast: Bearish

Crude oil price achieved strong gains yesterday and reached 75.00$ barrier, but it bounced downwards sharply to break 73.70$ and settle below it, which puts the price under expected negative pressure in the upcoming sessions, to head towards visiting 72.15$ mainly.

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 73.70$ and holding above it will reactivate the bullish wave that its next target reaches 75.65$.

The expected trading range for today is between 72.00$ support and 75.00$ resistance

Trend forecast: Bearish

Silver price surpassed 29.63$ level and ended yesterday above it, to head towards achieving more expected gains on the intraday basis, targeting testing 30.63$ initially.

Therefore, the bullish bias will be suggested for today, noting that breaking 29.63$ will stop the bullish wave and put the price under the negative effect of the head and shoulders’ pattern that appears on the chart, to head towards suffering new losses that reach 28.40$.

The expected trading range for today is between 29.65$ support and 30.60$ resistance.

Trend forecast: Bullish