The AUDUSD price finds difficulty to surpass 0.6322$ level, to show some temporary bearish bias, noticing that stochastic attempts to gather the positive momentum to support the chances of resuming the positive trades and breach the mentioned level to open the way to achieve more bullish correction in the upcoming period, reminding you that the next target reaches 0.6440$.

Holding above 0.6255$ is important to the continuation of the expected rise, as breaking it represents the key to decline and head towards 0.6170$ followed by 0.6130$ areas initially.

The expected trading range for today is between 0.6250$ support and 0.6350$ resistance

Trend forecast: Bullish

Brent oil price provides clear negative trades by today’s open to support the expectations of continuing the domination of the bearish trend on the intraday basis, paving the way to visit 77.05$ as a next negative target, which breaking it represents the key to rally towards 61.8% Fibonacci correction level at 75.66$.

The technical indicators provide negative signals that support the expected decline, noting that breaching 78.39$ and holding above it will stop the current negative pressure and lead the price to start recovery attempts that target testing 80.10$ areas initially.

The expected trading range for today is between 76.40$ support and 79.40$ resistance.

Trend forecast: Bearish

Crude oil price opens today with clear negativity to move away from 75.53$ level, reinforcing the expectations of continuing the bearish correction in the upcoming sessions, affected by the previously completed head and shoulders’ pattern, waiting to test 73.90$ as a next target, noting that breaking this level will push the price towards 72.30$ direct.

The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 75.53$.

The expected trading range for today is between 73.30$ support and 76.30$ resistance

Trend forecast: Bearish

Silver price faces new negative pressures to break 30.63$ level and attack the intraday bullish channel’s support line that appears on the chart, to head towards suffering expected losses on the intraday basis, targeting testing 29.63$ initially.

Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 30.63$ will stop the bearish wave and lead the price to recover again.

The expected trading range for today is between 29.80$ support and 30.65$ resistance.

Trend forecast: Bearish