The AUDUSD pair rallied upwards strongly to breach 0.6980 and settles above it, to reactivate the bullish trend scenario, paving the way to head towards 0.7050 as a next correctional target.
Therefore, we are waiting for more expected rise in the upcoming sessions, noting that breaking 0.6980 will press on the price to decline and test 0.6910 before any new attempt to rise.
The expected trading range for today is between 0.6950 support and 0.7050 resistance
The expected trend for today: Bullish
Brent oil price traded with clear positivity yesterday to breach the bearish channel’s resistance and settles above it, to turn to rise and head to achieve expected gains in the upcoming period, targeting testing 109.55 initially, noting that breaching this level will push the price to 112.35 as a next positive target.
Therefore, the bullish bias will be suggested in the upcoming sessions unless breaking 106.75 and holding below it.
The expected trading range for today is between 106.50 support and 110.50 resistance.
The expected trend for today: Bullish
Crude oil price leaned on the bullish channel’s support line and bounced upwards to build new bullish wave, as it tests 98.25 level now, to hint heading to achieve more gains, noting that breaching the mentioned level will push the price to head towards 100.60 followed by 103.60 levels as next main stations.
Therefore, we expect to witness more rise in the upcoming sessions, noting that failing to breach 98.25 will put the price under the negative pressure again, to head towards 95.70 initially.
The expected trading range for today is between 96.00 support and 100.60 resistance.
The expected trend for today: Bullish
Silver price succeeded to achieve our positive target at 19.00 and breached it to confirm the continuation of the bullish trend domination, activating positive pattern that supports achieving more rise in the upcoming period, waiting to visit 19.60 as a next positive station.
Therefore, the bullish trend scenario will remain valid on the intraday basis, and breaching the last level will extend the bullish wave to reach 20.00, while holding above 19.00 represents key condition to achieve the waited targets.
The expected trading range for today is between 19.00 support and 19.70 resistance.
The expected trend for today: Bullish