The AUDUSD price shows more bullish bias, waiting to test 0.6795$ as a first positive target, noting that stochastic overlaps positively to motivate the price to continue the rise on the intraday basis, reminding you that our next target extends to 0.6870$.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.6728$ and holding below it.

The expected trading range for today is between 0.6720$ support and 0.6820$ resistance

Trend forecast: Bullish

Brent oil price opens today with clear negativity to break 73.80$ level and attempt to hold below it, to hint stopping the bearish correction and return to decline again, affected by stochastic negativity, while the positive effect of the inverted head and shoulders’ pattern still active, getting positive support by the EMA50.

Therefore, the contradiction between the technical factors makes us stay aside until we get clearer signal for the next trend, noting that breaking 73.15$ will put the price under more negative pressure to head towards testing 72.00$ as a next negative station, while trading above 73.80$ again will reactivate the correctional bullish scenario to target 75.24$ initially.

The expected trading range for today is between 71.75$ support and 75.00$ resistance.

Trend forecast: Neutral

Crude oil price bounced bearishly after approaching 71.95$ level, to reach the key support 70.44$ now, to retest the breached neckline of the previously completed inverted head and shoulders’ pattern, waiting to resume the positive trades to surpass the first level and open the way to head towards 73.48$.

Therefore, the bullish trend still active, noting that breaking 70.43$ will stop the positive scenario and push the price to return to the main bearish track again.

The expected trading range for today is between 69.50$ support and 72.50$ resistance

Trend forecast: Bullish

Silver price opens today with additional negativity to break 30.63$ level and settle below it, to head towards achieving more expected decline on the intraday basis, targeting visiting 30.06$ in the upcoming sessions.

Therefore, we expect the continuation of the bearish bias today, noting that breaching 30.65$ followed by 31.00$ levels will stop the expected decline and lead the price to resume the main bullish trend again.

The expected trading range for today is between 30.10$ support and 30.80$ resistance.

Trend forecast: Bearish