Crude oil price achieves the first target – Analysis - 13-10-2021
Crude oil price succeeded to reach our first waited target at 79.40 yesterday, preparing to resume the negative trading that its targets extend to 77.70, as the price forms negative pattern that its signs appear on the chart, to support the expectations to decline.
Therefore, the bearish trend will remain valid and active for today, taking into consideration that the continuation of the bearish wave requires holding below 81.20.
The expected trading range for today is between 78.80 support and 81.50 resistance.
The expected trend for today: Bearish
No news for Silver price - Analysis - 13-10-2021
Silver price continues to fluctuate around the EMA50, settling withint tight track below 22.90 level, thus, no change to the bearish trend scenario that depends on the price stability below the mentioned level, noting that our first main target is located at 21.65.
The expected trading range for today is between 22.10 support and 23.00 resistance.
The expected trend for today: Bearish
Gold price tests the resistance – Analysis - 13-10-2021
Gold price keeps its stability below the first key resistance 1770.00, to keep the negative pressure valid and suggested for the upcoming period, and the price needs to break 1751.00 to ease the mission of heading towards our first waited negative target at 1735.00, reminding you that breaking this level will extend the bearish wave to reach 1692.00.
On the other hand, we should note that breaching 1770.00 followed by 1780.00 levels will stop the suggested negative scenario and lead the price to turn to rise.
The expected trading range for today is between 1735.00 support and 1775.00 resistance.
The expected trend for today: Bearish
The USDCAD keeps its negative stability – Analysis - 13-10-2021
The USDCAD pair settles below 1.2495, to keep the negative pressure valid on the intraday and short term basis, supported by the EMA50 that pushes the price to the downside, waiting to visit 1.2365 as a next main target.
Note that breaching 1.2495 will push the price to achieve intraday gains and test 1.2590 areas before any new attempt to decline.
The expected trading range for today is between 1.2370 support and 1.2500 resistance.
The expected trend for today: Bearish