Crude oil price returned to decline after approaching 34.60 level yesterday, to fluctuate around the EMA50 now, recording third top that we believe it forms negative signal to head to resume the correctional bearish track for the entire rise measured from 10.05 to 34.60, which its first target located at 28.80.

Therefore, we suggest witnessing negative trades today, noting that breaking 33.00 will ease the mission of achieving the expected decline, while breaching 34.60 represents positive factor that will stop the suggested correctional scenario and leads the price to resume the main bullish trend again.

The expected trading range for today is between 30.00 support and 34.60 resistance.

The expected trend for today: Bearish

Silver price managed to breach the bearish channel’s resistance that appears on the chart and settles above it, to get good positive motive after completing bullish flag pattern that supports the chances of continuing the bullish trend inside the main bullish channel, paving the way to head towards our positive targets that start at 18.45 followed by 18.93.

Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, reminding you that it is important to hold above 17.10 to continue the suggested rise.

The expected trading range for today is between 17.20 support and 17.70 resistance.

The expected trend for today: Bullish

Gold price begins today with bullish bias to approach the minor bearish channel’s resistance that declines now to 1725.00, and the price needs to get positive motive that assists to push trades to breach the mentioned level and open the way to resume the main bullish trend, which its next targets located at 1764.00 followed by 1810.00.

In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 1691.10 and holding below it, as breaking it will put the price under more correctional bearish pressure that its next target located at 1646.00.

The expected trading range for today is between 1700.00 support and 1750.00 resistance.

The expected trend for today: Bullish

The USDCAD pair settles below 1.3813 level, showing tight trades in the previous sessions, noticing that stochastic loses its positive momentum clearly, while the EMA50 forms continuous negative pressure against the price.

Therefore, our bearish overview will remain valid for the upcoming period, which targets 1.3612 level as a next station, while holding below 1.3813 and 1.3855 represents key condition to continue the suggested decline.

The expected trading range for today is between 1.3680 support and 1.3850 resistance.

The expected trend for today: Bearish