The AUDUSD price opens today’s trading with clear positivity to move away from 0.6728$ level, reinforcing the expectations of continuing the bullish trend, which targets 0.6800$ as a next station.

The bullish channel organizes the suggested bullish wave, which gets good support by the EMA50, reminding you that it is important to hold above 0.6728$ to continue the expected rise.

The expected trading range for today is between 0.6720$ support and 0.6820$ resistance

Trend forecast: Bullish

Brent oil price approached our waited target at 84.10$ and bounced upwards strongly to breach 85.80$ and settles above it, to stop yesterday’s suggested negative scenario and head towards building bullish wave on the intraday and short-term basis, targeting visiting 87.05$ followed by 88.50$ levels as next positive stations.

Therefore, the bullish bias will be suggested for today, taking into consideration that breaking 85.80$ will reactivate the correctional bearish scenario and put the price under the negative pressure again.

The expected trading range for today is between 85.00$ support and 88.00$ resistance.

Trend forecast: Bullish

Crude oil price keeps rising to breach 82.60$ and settles above it, to confirm stopping the correctional bearish scenario and head towards resuming the main bullish trend again, on its way to achieve gains that start by visiting the recently recorded high at 84.68$.

Therefore, we expect to witness more rise in the upcoming sessions, supported by moving above the EMA50, noting that breaking 81.84$ will push the price to decline again to achieve additional bearish correction that its next target reaches 80.08$.

The expected trading range for today is between 81.60$ support and 84.50$ resistance

Trend forecast: Bullish

Silver price shows new positive trades now to breach the bullish pennant resistance line and attempts to hold above it, to get positive motive that we are waiting to assist to push the price to resume the expected bullish trend for the upcoming period, which targets 31.50$ followed by 32.00$ levels as next main stations.

Stochastic provides positive overlapping signal that supports the expectations of continuing the rise, noting that failing to surpass 31.00$ might force the price to rebound bearishly to test 30.06$ areas before any new attempt to rise.

The expected trading range for today is between 30.70$ support and 31.50$ resistance.

Trend forecast: Bullish