The AUDUSD pair opens today’s trading with new decline to surpass our waited target at 0.6420 and confirms the continuation of the bearish trend domination, as our next target is located at 0.6350, waiting for more decline that gets continuous support by the EMA50.

Note that breaking the targeted level will extend the bearish wave to reach 0.6280 as a next negative station, noting that breaching 0.6445 might push the price to achieve temporary intraday gains and head to test the bearish channel’s resistance around 0.6550 before any new attempt to decline.

The expected trading range for today is between 0.6340 support and 0.6450 resistance

The expected trend for today: Bearish

Brent oil price resumed its negative trading to break minor bullish channel’s support line that forms bearish flag pattern, thus, we believe that the way is open to continue the decline in the upcoming sessions, and the way is open to head towards our next negative target at 79.90.

Therefore, our bearish overview will remain active, supported by the negative pressure formed by the EMA50, noting that it is important to hold below 86.50 to continue the expected decline.

The expected trading range for today is between 82.50 support and 86.50 resistance.

The expected trend for today: Bearish

Crude oil price’s recent trades are confined within bearish pennant pattern that appears on the chart, pressing on the pattern’s support line to attempt to get negative motive that assists to push the price to continue the bearish trend, which reinforces the expectations of achieving more decline on the intraday and short term basis, reminding you that our next targets begin at 75.00 and extend to 73.00.

Therefore, the bearish trend scenario will remain suggested in the upcoming sessions, noting that breaching 79.35 will stop the current negative pressure and lead the price to achieve some bullish correction.

The expected trading range for today is between 74.80 support and 78.60 resistance.

The expected trend for today: Bearish

Silver price managed to break 18.30 level by today’s open and closed the last four hours’ candlestick below it, which supports the continuation of the expected bearish trend efficiently for the upcoming period, opening the way to achieve more negative targets that start at 17.80 and extend to 17.55.

Therefore, the bearish trend will remain valid and active, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave requires holding below 18.35 and the most important below 18.80.

The expected trading range for today is between 17.50 support and 18.50 resistance.

The expected trend for today: Bearish