The AUDUSD price fluctuates near the waited target at 0.6640$, moving within bearish channel that supports the chances of breaking the mentioned level and open the way to continue the decline on the intraday basis, waiting to visit 0.6570$ as a next main target.
The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 0.6728$ and hold above it.
The expected trading range for today is between 0.6600$ support and 0.6700$ resistance
Trend forecast: Bearish
Brent oil price faced clear negative pressure yesterday to test 71.16$ level, noticing that the price returns to recover again and head towards achieving expected gains on the intraday basis, targeting testing 73.57$ as a first correctional target.
Therefore, the bullish bias will be suggested for today, noting that breaking 71.16$ will stop the correctional bullish scenario and push the price to suffer more losses on the short-term and medium term basis.
The expected trading range for today is between 71.00$ support and 74.00$ resistance.
Trend forecast: Bullish
Crude oil price provided negative trades to test the recently recorded low at 67.56$, noticing that the price rose to breach the bearish channel’s resistance line and head towards achieving some bullish correction, on its way to test 70.12$ initially, noting that breaching this level will push the price towards 71.70$ as a next positive target.
Therefore, we expect to witness positive trades in the upcoming sessions, noting that breaking 68.45$ followed by 67.56$ levels will stop the bullish trend and push the price to resume the main bearish track again.
The expected trading range for today is between 67.56$ support and 70.55$ resistance
Trend forecast: Bullish
Silver price shows more bullish bias to approach our waited target at 28.55$, noting that the continuation of the rise and breaching this level will push the price to achieve new positive targets that extend to 29.30$.
Holding above 27.62$ keeps the bullish trend scenario valid, as breaking it will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 28.00$ support and 28.90$ resistance.
Trend forecast: Bullish