The AUDUSD price shows more bullish bias to surpass the EMA50 and reinforce the expectations of continuing the bullish trend on the intraday basis, waiting to visit 0.6320$ that represents our main target.

Stochastic current negativity might slow down the bullish wave, taking into consideration that breaking 0.6195$ might force the price to turn to decline to head towards testing 0.6130$ areas initially.

The expected trading range for today is between 0.6210$ support and 0.6310$ resistance

Trend forecast: Bullish

Brent oil price rallied upwards strongly yesterday to test 77.05$ level, and attempted to breach it but it consolidated below it, as the EMA50 formed solid resistance that prevented the price to continue the rise, noticing that the price begins today with bearish bias that hints heading to resume the expected bearish trend for the upcoming period, which its targets begin by breaking 75.66$ to confirm heading towards 74.00$ as a next main station.

Stochastic shows negative signals that support the expected decline, which will remain valid conditioned by the price stability below 77.05$.

The expected trading range for today is between 74.90$ support and 77.90$ resistance.

Trend forecast: Bearish

Crude oil price rebounds bearishly after testing 73.90$ level in the previous sessions, to head towards testing 72.30$ initially, noting that breaking this level is required to confirm the continuation of the bearish wave that its next main targets reach 71.20$ followed by 70.30$.

Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the EMA50, reminding you that breaching 73.90$ will stop the expected decline and push the price to recover and visit 75.50$ areas initially.

The expected trading range for today is between 71.20$ support and 74.20$ resistance

Trend forecast: Bearish

Silver price breached 31.63$ level strongly and succeeded to touch our first target at 32.05$, waiting for more rise to test 32.86$ that represents our next positive station.

Stochastic current negativity might cause some sideways fluctuation before resuming the expected rise, which will remain valid unless breaking 31.63$ and holding with a daily close below it.

The expected trading range for today is between 31.85$ support and 32.86$ resistance.

Trend forecast: Bullish

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