The AUDUSD price opens today’s trading with clear positivity after releasing the positive employment data from the Australian economy, to reach the EMA50 that continues to form negative pressure against the price, noticing that stochastic loses its positive momentum clearly, which supports the chances of bouncing bearishly to resume the main bearish track again.

Therefore, we are waiting for negative trades in the upcoming sessions, and the next target reaches 0.6300$, noting that breaching 0.6450$ will stop the bearish wave and lead the price to start bullish correction the intraday basis.

The expected trading range for today is between 0.6360$ support and 0.6460$ resistance

Trend forecast: Bearish

Brent oil price rallied upwards yesterday to succeed touching our waited target at 73.90$, and we notice that the price is attempting to breach this level to support the chances of achieving more gains in the upcoming period, noting that confirming the breach will push the price towards 75.36$ as a next positive target.

Stochastic current negativity might hinder the mission to rise and cause temporary sideways trades before resuming the positive attempts, noting that breaking 73.00$ will stop the bullish wave and push the price to turn to decline.

The expected trading range for today is between 72.60$ support and 75.60$ resistance.

Trend forecast: Bullish

Crude oil price succeeded to achieve our waited target at 70.58$ and settles near it, and we suggest the continuation of the bullish bias to breach this level and open the way to achieve additional positive targets in the upcoming sessions, noting that the next station reaches 72.15$.

Therefore, we are waiting for more expected rise on the intraday basis, reminding you that failing to breach 70.58$ will put the price under negative pressure to start bearish wave that targets testing 68.64$ areas.

The expected trading range for today is between 69.00$ support and 72.00$ resistance

Trend forecast: Bullish

Silver price bounced bullishly after retesting the breached neckline of the double bottom pattern, which keeps our positive overview valid for the upcoming period, waiting to visit 32.86$ that represents our next target.

The EMA50 supports the price from below to reinforce the positive overview, which will remain valid unless breaking 31.45$ and holding with a daily close below it.

The expected trading range for today is between 31.60$ support and 32.50$ resistance.

Trend forecast: Bullish