Crude oil price provided negative trades yesterday, as a bearish correction for the rise measured from 19.90 to 29.11, noticing that the price leaned on the bullish channel’s support line that appears on the chart to start bouncing bullishly from there, which supports the chances of resuming the bullish trend, waiting to head towards 30.00 that represents our next main target.

The EMA50 forms good support to protect the suggested positive scenario, noting that breaking 25.60 will stop the expected rise and press on the price to make more bearish correction.

The expected trading range for today is between 25.60 support and 29.10 resistance.

The expected trend for today: Bullish

Silver price succeeded to achieve our waited target at 15.08, starting today with clear rise to attack this level and settles above it now, which supports the chances of extending the correctional bullish wave, to suggest heading towards 16.00 as a next positive station.

Therefore, the bullish bias will remain dominant in the upcoming sessions supported by moving above the EMA50, noting that failing to consolidate above 15.08 will press on the price to decline again and test 14.17 initially before determining the next destination clearly.

The expected trading range for today is between 14.90 support and 15.50 resistance.

The expected trend for today: Bullish

Gold price managed to confirm breaching 1644.20 level after closing the daily candlestick above it, which supports the continuation of the bullish trend scenario efficiently on the intraday and short term basis, on its way to head towards the recently recorded top at 1703.25 as a next main target.

Therefore, we are waiting for more rise in the upcoming sessions supported by the EMA50, noting that breaking 1644.20 will put the price under intraday negative pressure that targets testing 1607.70 level initially before any new attempt to rise.

The expected trading range for today is between 1645.00 support and 1690.00 resistance.

The expected trend for today: Bullish

The USDCAD pair provided negative trades yesterday to move away from 1.4264, to head towards our first waited target at 1.4015 gradually, moving inside the correctional bearish channel that appears on the chart, which supports the chances of breaking the mentioned level to open the way to visit 1.3813 as a next correctional target.

Therefore, the bearish trend scenario will remain valid on the intraday and short term basis conditioned by the price stability below 1.4264.

The expected trading range for today is between 1.4000 support and 1.4185 resistance.

The expected trend for today: Bearish