The AUDUSD pair declined again to test the key support 0.6650, and rebounds bullishly by today’s open to move away from the mentioned level, to support he continuation of the expected bullish trend scenario for the upcoming period, which its targets start by testing 0.6767.

Therefore, we will continue to suggest the bullish trend on the intraday basis unless breaking 0.6650 and holding below it.

The expected trading range for today is between 0.6650 support and 0.6780 resistance

The expected trend for today: Bullish

Brent oil price’s decline stopped at 80.90 level, to rebound upwards strongly and achieve bullish correction for the decline that started from 101.19 areas, on its way to achieve additional gains that we expect to reach 87.25 areas, noting that breaching this level will extend the bullish wave to reach 88.65.

Therefore, the bullish bias will be expected for the upcoming period unless breaking 83.90 and holding below it.

The expected trading range for today is between 84.00 support and 87.50 resistance.

The expected trend for today: Bullish

Crude oil price keeps rising to surpass 78.00 barrier now, as it begins bullish correction for the decline measured from 92.90 to 73.64, facing 23.6% Fibonacci correction level that forms key resistance at 78.20, which breaching it represents the key to rally towards 81.00 areas on the near term basis.

Now, we expect to witness more rise in the upcoming sessions, taking into consideration that breaking 77.30 will stop the positive scenario and press on the price to resume the main bearish trend again.

The expected trading range for today is between 77.00 support and 80.70 resistance.

The expected trend for today: Bullish

Silver price showed mixed trades yesterday, as it traded with strong negativity and approached 20.72 areas, but it begins today with new rise to reach 21.30 level, which is considered as the gate to resume the main bullish trend, noticing that stochastic provides clear positive signals now, which supports the chances of surpassing the mentioned level and open the way to achieve additional gains in the upcoming sessions.

Therefore, the bullish bias will be suggested for today conditioned by the price stability above 20.72, noting that our expected targets reach 22.00 followed by 22.24.

The expected trading range for today is between 20.90 support and 21.75 resistance.

The expected trend for today: Bullish