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Crude oil keeps the support base – Analysis - 29-03-2018
Crude oil price kept its stability above 64.20 after attempting to break it yesterday, to keep the bullish trend valid and active for the upcoming period, as the EMA50 meets the mentioned level to add more strength to it, while stochastic heads upwards on the four hours’ time frame.
Therefore, we are waiting for positive trading on the intraday and short term basis, and the next main target is located at 66.70, while breaking 64.20 represents negative factor that will push the price to test 62.65 areas before any new attempt to rise.
Expected trading range for today is between 63.50 support and 66.70 resistance.
Expected trend for today: Bullish
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Silver breaks the support – Analysis - 29-03-2018
Silver price showed clear break to 16.45 level and settled below it, to continue moving within sideways track as appears on the above chart, which makes us suggest witnessing more sideways trading until the price manages to surpass one of this range’s lines represented by 16.15 support and 16.80 resistance.
MoreGold breaks the support – Analysis - 29-03-2018
Gold price confirmed breaking 1335.40 level after closing the daily candlestick below it, to push trading towards visiting 1316.48 level in the upcoming sessions, which represents 38.2% Fibonacci correction level for the rise from 1236.41 to 1365.97.
MoreUSDCAD tests the resistance – Analysis - 29-03-2018
The USDCAD pair returns to test the key resistance 1.2923 and keeps its stability below it, accompanied by witnessing clear overbought signals through stochastic, thus, the bearish trend still valid until now, waiting to head towards 1.2717 mainly.
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