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Crude oil breaches the resistance – Analysis - 23-01-2018
Crude oil price rallied upwards to end yesterday’s trading above the correctional bearish channel’s resistance that appears on the chart, which we believe that it forms bullish flag pattern now that will motivate the price to resume the main bullish trend and stop the correctional bearish pressure that dominated the recent trades.
Therefore, the bullish trend will be expected in the upcoming sessions, and the targets begin by breaching 64.88 level to confirm opening the way to continue the bullish trend that its next target located at 66.15, taking into consideration that breaking 63.50 will put the price under the negative pressure again, to push the price to test the first correctional level at 62.80 again.
Expected trading range for today is between 63.00 support and 65.50 resistance.
Expected trend for today: Bullish
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Silver gets a positive signal – Analysis - 23-01-2018
The tight range keeps dominating Silver price trades, which moves around 17.00 level, noticing that stochastic begins to overlap positively on the daily time frame, waiting to motivate the price to resume the bullish trend that its targets begin by testing 17.43 level.
MoreGold rises calmly – Analysis - 23-01-2018
Gold price begins today’s trading with calm bullish bias after retesting the previously breached resistance of the bullish flag pattern that appears on the chart, which support the continuation of our bullish overview in the upcoming sessions, and we believe that the way is open to visit 1357.50 that represents our next main target.
MoreUSDCAD crawls downwards – Analysis - 23-01-2018
The USDCAD pair shows calm negative trades to move below 1.2470 level now, which supports the continuation of our bearish overview in the upcoming sessions, reminding you that the price is confined inside bearish pennant pattern that its support line located at 1.2370, thus, we are waiting to break it to motivate the price to continue the overall bearish trend.
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