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Crude oil price achieves the target – Analysis - 18-12-2019
Crude oil price managed to achieve our waited target at 60.90, showing some of the bearish bias moves from there, in its way to test the intraday bullish channel’s support that appears in the image, where the price affected by stochastic negativity, while the EMA50 provides a continuous positive support for the price, keeping the bullish trend scenario preferred in the upcoming period.
reminding you that breaching the mentioned level will push the price to 62.30 as a next main target, taking into consideration that breaking 59.95 might push the price to achieve extra decline that targets testing 58.40 levels and it might extend to 57.40 before any new attempt to rise.
The expected trading range for today is between 59.05 support and 62.00 resistance.
The expected trend for today: Bullish
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Silver price still confined – Analysis - 18-12-2019
Silver price remains confined between the critical levels that are represented by 16.96 support and 14.10 reistance, as we mentioned yesterday, the price needs to breach one of these levels to detect our next targets clearly, keeping our neutral attitude valid until now.
MoreNo new actions for Gold price – Analysis - 18-12-2019
Gold price keeps moving within tight range, therefore, the bearish trend scenario will remain valid as it is without any change, organized within the bearish correctional channel that appears in the above chart, depending on the stability below 1489.00, pointing that breaking 1461.00 will ease the mission of achieving our negative targets that begin at 1447.00 and extend to 1413.10.
MoreThe USDCAD keeps pressing negatively – Analysis - 18-12-2019
The USDCAD pair keeps fluctuating near 1.3155 level and attempts to break it, getting a continuous support from the EMA50 that keeps pressing negatively on the price, to keep our bearish trend expectations that target 1.3015 levels mainly, reminding you that the continuation of the bearish wave is conditioned by holding below 1.3240 and the most important below 1.3295.
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