The AUDUSD price shows sideways trades since yesterday, noticing that stochastic lost its positive momentum to reach the overbought areas, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target located at 0.6300$.

The bearish channel continues to organize the suggested bearish wave, which will remain valid unless breaching 0.6430$ and holding above it.

The expected trading range for today is between 0.6310$ support and 0.6400$ resistance

Trend forecast: Bearish

Brent oil price fluctuates at the key support 73.90$, and as we mentioned yesterday, the price needs to hold above this level to keep the bullish trend scenario active for the upcoming period, which targets 75.36$ as a next station.

Stochastic shows positive signals that support the chances of resuming the rise in the upcoming sessions, besides the positive support provided by the EMA50, noting that breaking 73.90$ will stop the bullish trend and put the price under the negative pressure on the intraday basis.

The expected trading range for today is between 73.00$ support and 75.80$ resistance.

Trend forecast: Bullish

Crude oil price is testing the key support 70.58$ and keeps its stability above it until now, to keep the bullish trend scenario valid and active for the upcoming period, waiting to get positive motive that assist to push the price to resume the expected bullish wave on the intraday basis, which its next target located at 72.15$.

Breaking 70.58$ will put the price under negative pressure to start bearish wave that targets visiting 68.65$ areas on the near term basis.

The expected trading range for today is between 69.40$ support and 72.40$ resistance

Trend forecast: Bullish

Silver price settles below 30.63$ level, which keeps our bearish overview valid for the upcoming period, waiting to resume the decline to visit 29.63$ that represents our next main target.

The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 30.63$ and holding with a daily close above it.

The expected trading range for today is between 29.90$ support and 30.80$ resistance.

Trend forecast: Bearish