Crude oil price ended yesterday’s trading above 65.50 level, to hint the attempt to return to the main bullish trend, but its still below the previously broken main support line that turns into key resistance at 66.40, which puts the price against contradicted technical factors that makes us prefer staying aside until the price manages to surpass one of the mentioned levels to detect its next destination clearly.

Note that breaching the resistance will push the price to keep achieving gains and regain the main bullish trend that its targets begin at 67.22 followed by 69.36, while breaking the 65.50 support will reactivate the negative effect of the head and shoulders’ pattern that targets 63.78 followed by 61.64 levels on the near term basis.

Expected trading range for today is between 64.00 support and 67.50 resistance.

Expected trend for today: Depends on the above mentioned levels

Silver price attempted to breach 16.80 level but it returns to hold below it, which keeps the price within the sideways range that its lines represented by the mentioned resistance and 16.15 support, to continue dominating the intraday trading.

We remind you that exiting the sideways range will push the price towards 17.43 in case confirming breaching the above mentioned resistance, while breaking the support will put the price under negative pressure that targets 15.49 mainly.

Expected trading range for today is between 16.45 support and 16.90 resistance.

Expected trend for today: Sideways

Gold price’s recent trades are confined within bearish pennant pattern, which means that breaking its support at 1291.40 will activate the negative effect of this pattern and push the price to resume the bearish trend, which targets 1285.90 followed by 1267.00 levels as next main stations.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1301.20 level and holding above it.

Expected trading range for today is between 1280.00 support and 1310.00 resistance.

Expected trend for today: Bearish

The USDCAD pair settles above 1.2923 level, and the EMA50 provides continuous positive support to the price, which makes us keep our positive overview for the upcoming period, which targets heading towards 1.3128 on the near term basis, while breaking 1.2923 will push the price to turn to decline on the intraday and short term basis.

Expected trading range for today is between 1.2900 support and 1.3050 resistance.

Expected trend for today: Bullish