The AUDUSD pair broke the main bullish channel’s support line and settles below it, approaching to form head and shoulders’ pattern that its signs appear on the chart, which supports the chances of achieving more expected decline in the upcoming sessions, to head towards testing 0.7624 level initially.

Therefore, the bearish bias will be expected for today, noting that surpassing the mentioned level will extend the correctional bearish wave to reach 0.7504 as a next target, while the expected decline will remain valid unless breaching 0.7725 level and holding above it.

The expected trading range for today is between 0.7600 support and 0.7725

The expected trend for today: Bearish

Brent oil price shows new positive trades to move around 55.50 level now, noticing that stochastic overlaps positively to support the chances of achieving more gains in the upcoming sessions, reminding you that our waited target reaches 57.77.

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis conditioned by the price stability above 54.95, as breaking this level will press on the price to test the main bullish channel’s support line at 53.50 before turning back to rise again.

The expected trading range for today is between 54.50 support and 57.00 resistance.

The expected trend for today: Bullish

Crude oil price started to rise again after leaning on 51.70 level, which supports the continuation of our bullish overview, which targets 54.62 level as a next main station, noting that the EMA50 continues to support the suggested bullish wave.

On the other hand, we should note that breaking 51.40 will stop the expected rise and press on the price to start correctional bearish wave that targets testing 50.60 and might extend to 49.95 areas before any new attempt to rise.

The expected trading range for today is between 51.00 support and 54.00 resistance.

The expected trend for today: Bullish

Silver price keeps its stability below 25.50, noticing that the recent trades are confined within bearish pennant pattern, thus, breaking 24.85 will motivate the price to resume the intraday bearish trend, which its next main target located at 22.87.

Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless breaching 25.50 and holding above it.

The expected trading range for today is between 24.30 support and 25.50 resistance.

The expected trend for today: Bearish