The AUDUSD price ended yesterday below 0.6866$ level, to confirm the beginning of the bearish correction that targets 0.6820$ followed by 0.6780$ levels as next negative stations.

Therefore, we are waiting for more expected decline in the upcoming sessions, noting that breaching 0.6866$ will stop the negative scenario and lead the price to regain the main bullish trend again.

The expected trading range for today is between 0.6790$ support and 0.6890$ resistance

Trend forecast: Bearish

Brent oil price traded with strong positivity yesterday, as it breached 76.68$ level and reached the extended positive target at 78.47$, and we believe that the way is open to continue the rise after turning back to the bullish channel that appears on the chart, to head towards visiting 79.90$ level as a next positive target.

Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that failing to breach 78.47$ will push the price to rebound bearishly and head to test 76.68$ areas before any new attempt to rise.

The expected trading range for today is between 77.00$ support and 80.00$ resistance.

Trend forecast: Bullish

Crude oil price rallied upwards strongly yesterday to surpass our waited target at 73.48$ and settles above it, confirming the continuation of the bullish trend domination on the intraday and short-term basis, and by taking a deeper look at the chart, we find that the price completed forming double bottom pattern that supports the chances of achieving additional gains that surpass 75.36$ to reach 78.40$ areas as a next main station.

Therefore, we expect to witness more rise in the upcoming period, noting that breaking 73.48$ will stop the bullish rally and push the price to turn to decline, to target testing 71.95$ followed by 70.44$ levels initially.

The expected trading range for today is between 73.00$ support and 76.00$ resistance

Trend forecast: Bullish

Silver price breached 31.70$ level clearly and settled above it, to activate the positive scenario on the intraday basis and head towards achieving gains that start at 32.50$ and extend to 33.00$.

Therefore, we are waiting for more expected rise in the upcoming sessions, supported by the EMA50 that carries the price from below, taking into consideration that breaking 31.70$ will stop the positive scenario and push the price to test 31.00$ areas initially.

The expected trading range for today is between 31.90$ support and 32.70$ resistance.

Trend forecast: Bullish