The AUDUSD pair resumed its negative trading after the recovery attempts that it witnessed in the previous sessions, to break 0.7615 and settle below it again, to reactivate the bearish trend scenario that targets 0.7500 level as a next station.
The EMA50 supports the expected decline, which will remain valid unless breaching 0.7615 followed by 0.7650 levels and holding above them.
The expected trading range for today is between 0.7550 support and 0.7650 resistance
The expected trend for today: Bearish
Brent oil price faced negative pressure yesterday that stopped at the bullish trend line that appears on the chart, starting today with bullish bias in attempt to regain the bullish trend, which makes us suggest witnessing more positive trades in the upcoming sessions, motivated by stochastic current positivity, waiting to head towards 66.90 initially.
Holding above 63.95 is important to continue the expected rise, as breaking it will put the price under more negative pressure that targets testing 62.94 areas before determining the next trend clearly.
The expected trading range for today is between 63.00 support and 66.00 resistance.
The expected trend for today: Bullish
Crude oil price found solid support at 59.85, to start providing positive trades in attempt to test the key resistance 61.25, affected by stochastic positivity, which contradicts the negative pressure formed by the EMA50 against the price.
Therefore, we prefer staying aside temporarily until we get clearer signal for the next trend, noting that the continuation of the rise and surpassing 61.25 will reactivate the bullish trend scenario that its next target located at 63.30, while breaking 59.85 represents negative factor that will press on the price to achieve negative targets that start at 58.00.
The expected trading range for today is between 59.30 support and 62.00 resistance.
The expected trend for today: Depends on the above mentioned levels
Silver price succeeded to achieve our waited target at 24.00 and surpassed it to settle below it, confirming opening the way to continue the decline, reminding you that our extended target reaches 22.90.
Therefore, we are waiting for more bearish bias in the upcoming sessions, supported by the negative pressure formed by the EMA50, taking into consideration that the continuation of the bearish wave requires holding below 25.50.
The expected trading range for today is between 23.00 support and 24.30 resistance.
The expected trend for today: Bearish