The AUDUSD pair provides new positive trades to test the key resistance 0.7044, while stochastic still negative, waiting to protect the recently suggested negative scenario, which depends on the price stability below the mentioned level, while its main targets begin at 0.6970 and extend to 0.6900.

The expected trading range for today is between 0.6970 support and 0.7060

The expected trend for today: Bearish

Brent oil price traded with strong negativity on yesterday’s evening to break the bullish channel’s support line and touches the most important support to the short term trading at 62.92, noticing that the price keeps its stability above this level, accompanied by witnessing oversold signals through stochastic, which supports the chances of providing potential positive trades in the upcoming sessions, on its way to resume the main bullish trend.

Therefore, we suggest witnessing bullish bias today, and the targets begin by breaching 64.20 to open the way to visit 65.92, noting that breaking 62.92 and holding below it will stop the positive scenario and press on the price to suffer more losses on the intraday and short term basis.

The expected trading range for today is between 62.50 support and 65.50 resistance.

The expected trend for today: Bullish

Crude oil price confirmed breaking 57.33 level after closing the daily candlestick below it, to fall under expected negative pressure in the upcoming period, targeting visiting 56.00 followed by 54.47 levels mainly.

Therefore, the bearish bias will be suggested for today supported by moving below the EMA50, taking into consideration that breaching 57.33 and holding above it again will reactivate the main positive scenario that its targets begin by testing 60.86 areas again.

The expected trading range for today is between 55.00 support and 58.00 resistance.

The expected trend for today: Bearish

Silver price rallied upwards strongly yesterday to succeed achieving our second waited target at 16.00, starting today with more rise to breach this level and settles above it, which supports the chances of extending the bullish wave on the short term basis, paving the way to head towards 16.50 as a next main station.

Therefore, the bullish bias will remain dominant in the upcoming sessions, noting that holding above 16.00 represents initial condition to continue the expected rise.

The expected trading range for today is between 15.95 support and 16.35 resistance.

The expected trend for today: Bullish