The AUDUSD pair broke the bullish channel’s support line clearly and settled below it, approaching to complete forming double top pattern that its signs appear on the chart, its confirmation line located at 0.7665, which means that breaking it will confirm starting bearish correction that its targets begin by testing 0.7625 and extend to 0.7505 after surpassing the previous level.

Therefore, the bearish trend will be expected for the upcoming sessions unless the price managed to breach 0.7730 and hold above it.

The expected trading range for today is between 0.7600 support and 0.7730

The expected trend for today: Bearish

Brent oil price continued its negative pressure to complete forming head and shoulders’ pattern that its signs appear on the chart, showing more decline by today’s open to break the main bullish channel’s support line and settles below it, which opens the way to start correctional bearish wave for the entire rise that start from 35.70 areas, targeting visiting 52.20 as a first negative target.

Therefore, we expect witnessing more decline in the upcoming sessions unless breaching 55.40 level and holding above it.

The expected trading range for today is between 53.00 support and 55.40 resistance.

The expected trend for today: Bearish

Crude oil price broke 52.30 level and settled below it, to complete forming double top pattern that we expect to push the price to break the main bullish channel’s support line and achieve bearish correction on the intraday and short term basis, to head towards achieving negative targets that start at 49.10.

Therefore, the bearish bias will be expected for today, noting that breaching 52.30 and holding above it will stop the negative effect of the mentioned pattern and push the price to resume the main bullish trend again.

The expected trading range for today is between 50.00 support and 53.00 resistance.

The expected trend for today: Bearish

Silver price traded with clear negativity to move away from 25.50, which activates the correctional bearish trend scenario again, on its way to visit 22.87 as a next negative target, supported by the EMA50 that forms negative pressure against the price.

Therefore, the bearish bias will be expected for today unless the price rallied to breach 25.50 and hold with a daily close above it.

The expected trading range for today is between 24.00 support and 25.30 resistance.

The expected trend for today: Bearish