The AUDUSD pair traded with strong positivity yesterday to breach 0.6445 level and reach the bearish channel’s resistance that appears on the chart, noticing that the price begins to rebound bearishly now, and according to the trading rules inside the channels, the price is on its way to decline again and head to visit 0.6360 areas mainly.

Therefore, we expect to witness more bearish bias in the upcoming sessions supported by stochastic and the EMA50 negativity, noting that breaching 0.6520 will stop the suggested negative scenario and push the price to start bullish correction on the intraday basis.

The expected trading range for today is between 0.6400 support and 0.6530 resistance

The expected trend for today: Bearish

Brent oil price rallied upwards strongly yesterday to reach 89.00 level, approaching the bearish channel’s resistance that appears on the chart, as the EMA50 formed solid resistance against the price, while stochastic shows clear negative signals now.

Therefore, we believe that the chances valid to resume the main bearish trend, on its way to target 86.15 followed by 83.50 levels as next main stations, taking into consideration that breaching 89.80 will push the price to continue the rise and visit the most important resistance at 91.95 as a next main target.

The expected trading range for today is between 86.20 support and 90.20 resistance.

The expected trend for today: Bearish

Crude oil price settled around the EMA50, and couldn’t manage to reach the minor bearish channel’s resistance line that appears on the chart, accompanied by stochastic loss to the positive momentum clearly to show big overbought signals, thus, we believe that the chances valid to rebound bearishly now and head to achieve negative targets that start at 79.35 and extend to 76.30.

Therefore, the bearish bias will be expected for today, noting that breaching 82.70 will stop the expected decline and lead the price to achieve additional gains that reach 83.10 followed by 84.45.

The expected trading range for today is between 79.00 support and 83.00 resistance.

The expected trend for today: Bearish

Silver price bounced upwards strongly yesterday to retest the neckline of the double top pattern, noticing that the EMA50 formed solid resistance against the price, to push trades to decline again, motivated by the negativity that appears clearly on stochastic now, which leads the price to provide more expected negative trades in the upcoming sessions, waiting to test 18.35 level initially.

Therefore, we suggest the bearish bias for today conditioned by the price stability below 18.80, noting that breaking 18.35 will push the price to head towards 17.55 areas on the near term basis.

The expected trading range for today is between 18.10 support and 19.00 resistance.

The expected trend for today: Bearish