The AUDUSD price provided new negative trades yesterday to approach our first extended target at 0.6460$, to support the expected bearish trend on the intraday and short-term basis, which moves organized inside the bearish channel that appears on the chart, waiting to head towards 0.6420$ as a next negative station.

Holding below 0.6535$ is important to the continuation of the expected decline, as breaching it will push the price to test the bearish channel’s resistance line around 0.6640$ before any new attempt to decline.

The expected trading range for today is between 0.6420$ support and 0.6620$ resistance

Trend forecast: Bearish

Brent oil price attempted to break 72.65$ and declined to reach 71.00$ barrier, but it returns to fluctuate above the first level, waiting to get strong negative motive that assist to push the price to confirm the break again and rise towards our expected negative target at 70.65$.

Therefore, the bearish trend will remain valid and active for the upcoming period, noting that breaching 72.75$ will stop the expected decline and lead the price to achieve intraday gains that start by testing 73.90$.

The expected trading range for today is between 70.50$ support and 73.50$ resistance.

Trend forecast: Bearish

Crude oil price provided new negative trades yesterday to succeed touching our first waited target at 67.00$, and returns to fluctuate around 68.64$ level, as it consolidated well below it, to keep the bearish trend valid and active for the upcoming period, waiting to resume the negative trades to head towards 65.50$ as a next main target.

The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 68.64$.

The expected trading range for today is between 66.50$ support and 69.50$ resistance

Trend forecast: Bearish

Silver price bounced downwards clearly yesterday to break 30.63$ level and settle below it, to resume the correctional bearish track and head towards testing 29.63$ as a next negative station, making the bearish bias suggested in the upcoming sessions.

The EMA50 forms continuous negative pressure against the price to support the expectations to decline, noting that breaching 30.63$ will push the price to attempt to recover again and achieve gains that start by testing 31.63$ areas.

The expected trading range for today is between 29.60$ support and 30.50$ resistance.

Trend forecast: Bearish