Crude oil price continues to rise to approach our first waited target at 60.00, and the price continues to move inside the bullish channel that appears on the chart, as the price gets continuous positive support by the EMA50, to keep the positive effect of the previously completed inverted head and shoulders’ pattern active, reminding you that breaching the mentioned level will extend the bullish wave to reach 64.90 as a next station.

Therefore, the bullish trend will remain dominant in the upcoming sessions conditioned by the price stability above 57.46.

The expected trading range for today is between 58.00 support and 61.50 resistance.

The expected trend for today: Bullish

Silver price continues to rise to surpass the EMA50 and settles above it, which hints the price head to resume the recently suggested bullish trend, especially after 15.22 level proved its strength against the price’s recent negative attempts.

Therefore, we are waiting for more bullish bias in the upcoming sessions conditioned by the price stability above 15.22, noting that our next target is located at 15.62.

The expected trading range for today is between 15.20 support and 15.60 resistance.

The expected trend for today: Bullish

Gold price continued its positive trading yesterday to close the daily candlestick above 1302.60 level, which reactivate the main bullish trend scenario again, and the price moves inside an intraday bullish channel that supports the chances of achieving more gains in the upcoming sessions, waiting to test 1320.00 level initially.

Therefore, the bullish bias will remain suggested for today unless breaking 1302.60 – 1298.00 levels and holding below them, noting that surpassing the mentioned target will push the price towards 1346.73 as a next main station.

The expected trading range for today is between 1295.00 support and 1320.00 resistance.

The expected trend for today: Bullish

The USDCAD pair provided positive trades yesterday to approach the key resistance 1.3382, starting today with bearish bias to move below the EMA50 again, supported by the negative signal that appears through stochastic, which supports the continuation of our bearish overview, reminding you that our main targets begin at 1.3260 and extend to 1.3128.

The continuation of the suggested bearish wave depends on the price stability below 1.3382, as breaching it will lead the price to recover and achieve gains that start at 1.3460.

The expected trading range for today is between 1.3230 support and 1.3380 resistance.

The expected trend for today: Bearish