The AUDUSD price confirmed breaking the bullish channel’s support line to reinforce the expectations of continuing the domination of the expected bearish trend for the upcoming period, and the way is open to achieve our waited target at 0.6640$, noting that breaking this level will push the price towards 0.6570$ as a next negative target.

The EMA50 forms negative pressure that supports the expectations to decline, which will remain valid conditioned by the price stability below 0.6728$.

The expected trading range for today is between 0.6615$ support and 0.6715$ resistance

Trend forecast: Bearish

Brent oil price traded with strong negativity in the previous sessions, to surpass our first target at 84.11$ and reach few pips away from our second waited target at 82.74$, noticing that the price shows some bullish bias affected by stochastic positivity, and it might head to test the resistance line formed at 84.11$ before turning back to decline again.

The bearish channel continues to push the price to achieve more expected decline on the short-term basis, which its targets extend to reach 81.38$ after breaking 82.74$, taking into consideration that breaching 84.11$ will stop the current negative scenario and lead the price to attempt to recover and cover the losses that it suffered recently.

The expected trading range for today is between 81.50$ support and 84.50$ resistance.

Trend forecast: Bearish

Crude oil price ended last Friday below 80.08$ level, to confirm reactivating the correctional bearish scenario and head towards achieving more expected decline in the upcoming sessions, targeting visiting 78.66$ as a next negative station, which breaking it represents the key to head towards 61.8% Fibonacci correction level at 77.24$.

Therefore, we expect the continuation of the bearish trend domination on the intraday and short-term basis, noting that breaching 80.08$ represents initial positive factor that will lead the price to start recovery attempts and build bullish wave that its first target located at 81.84$.

The expected trading range for today is between 78.20$ support and 81.00$ resistance

Trend forecast: Bearish

Silver price confirmed breaking 29.30$ after ending last Friday below it, to support the expectations of achieving more bearish correction on the intraday and short-term basis, targeting 28.55$ as a next station, noting that breaking this level will push the price to suffer additional losses that reach 27.62$.

Stochastic begins to lose the positive momentum to support the expectations of achieving more decline, noting that breaching 30.06$ will stop the bearish trend and lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 28.70$ support and 29.50$ resistance.

Trend forecast: Bearish