The AUDUSD price shows calm negative trades to move away gradually from 0.6570 level, which supports the continuation of the bearish trend, and the way is open to achieve our next waited target at 0.6500.

Note that the bearish wave depends on the previously completed double top pattern, while the bearish trend will remain valid unless breaching 0.6570 – 0.6585 levels and holding above them.

The expected trading range for today is between 0.6490 support and 0.6580 resistance

Trend forecast: Bearish

Brent oil price rallied upwards strongly yesterday to surpass our waited target at 86.74 and close the daily candlestick above it, reinforcing the expectations of extending the bullish wave and head to visit 88.40 level that represents our next target, to keep the bullish trend dominant in the upcoming sessions.

Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, noting that breaking 86.74 will stop the bullish wave and push the price to achieve some bearish correction before turning back to rise again.

The expected trading range for today is between 86.00 support and 88.80 resistance.

Trend forecast: Bullish

Crude oil price succeeded to touch our first waited target at 82.60 and settles near it, waiting to gather positive momentum that assist to push the price to continue the rise inside the bullish channel that appears on the chart and achieve new positive targets that reach 83.85.

Therefore, the bullish trend scenario will remain valid and active for the upcoming period, supported by the EMA50 that keeps carrying the price from below, noting that breaking 80.90 will stop the bullish wave and push the price to start bearish correction for the rise that started from 71.35 areas.

The expected trading range for today is between 81.30 support and 84.30 resistance

Trend forecast: Bullish

Silver price fluctuates near 25.00 barrier now, and attempts to build new bullish wave, reinforcing the expectations of continuing the main bullish trend, waiting to target 25.50 followed by 26.07 levels as next main stations.

Therefore, the bullish trend will remain active on the intraday basis, supported by the EMA50, reminding you that it is important to hold above 24.60 to achieve the expected targets.

The expected trading range for today is between 24.80 support and 25.50 resistance.

Trend forecast: Bullish