The AUDUSD suffers more losses – Analysis - 15-06-2022
The AUDUSD pair broke 0.6930 level strongly and rallied bearishly to approach our extended target at 0.6830, reinforcing the expectations of continuing the bearish trend, noting that the current rise is temporary, waiting to test the resistance line formed at the broken support followed by declining again towards 0.6830.
Note that breaching 0.6930 followed by 0.6995 will stop the expected decline and lead the price to start new recovery attempts on the intraday basis.
The expected trading range for today is between 0.6850 support and 0.6950 resistance
The expected trend for today: Bearish
Brent oil price breaks the support – Analysis - 15-06-2022
Brent oil price faced strong negative pressure yesterday to attack the bullish channel’s support line and confirms breaking it, which stops the recently suggested positive scenario and lead the price to turn to decline, as we expect to head to visit 115.10 areas on the near term basis.
Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 120.00 followed by 121.30 levels will stop the current negative scenario and push the price to rise again.
The expected trading range for today is between 116.00 support and 121.30 resistance.
The expected trend for today: Bearish
Crude oil price under the negative pressure – Analysis - 15-06-2022
Crude oil price couldn’t manage to confirm breaching 119.35 level, to rebound downwards strongly and break the bullish channel’s support line that appears on the chart and settles below it, which puts the price under expected negative pressure in the upcoming sessions, on its way to visit 113.70 mainly.
Therefore, the bearish bias will be expected for today, noting that breaching 117.10 will lead the price to attempt to recover and regain the main bullish trend again.
The expected trading range for today is between 113.70 support and 118.00 resistance.
The expected trend for today: Bearish
Silver price keeps declining - Analysis - 15-06-2022
Silver price keeps declining to attempt to break 21.00 barrier, to support the expectations of continuing the bearish trend, supported by the EMA50, reminding you that our next target is located at 20.50.
Holding below 21.85 is important to continue the expected decline, as breaching it will stop the current negative pressure and lead the price to achieve new bullish correction that targets testing 22.67 initially.
The expected trading range for today is between 20.60 support and 21.50 resistance.
The expected trend for today: Bearish