Crude oil price bounced bullishly after leaning on the intraday bullish channel’s support line that appears on the chart, to start testing the key resistance 62.20, to hint the attempt to regain the bullish trend, but we need a confirmed breach to the mentioned resistance to reinforce the chances of achieving more gains.

Therefore, we prefer staying neutral temporarily until we get clearer signal for the next trend, noting that breaching 62.20 resistance will lead the price to achieve positive targets that start at 64.15 and extend to 66.60, while breaking 60.60 support represents negative factor that will press on the price to test 59.85 level initially.

The expected trading range for today is between 60.60 support and 63.00 resistance.

The expected trend for today: Neutral

Silver price provided negative trades to approach the intraday bullish channel’s support line, noticing that stochastic got rid of its negative momentum to support the chances of resuming the recently suggested bullish trend, which targets 27.00 level as a next station.

Therefore, the bullish trend will remain valid and active for the upcoming period unless we witnessed clear break and hold below 25.50.

The expected trading range for today is between 25.80 support and 26.70 resistance.

The expected trend for today: Bullish

Gold price’s decline stopped at 1777.00 level, to start providing positive trades that hint heading to resume the main bullish trend, organized inside the bullish channel that appears on the chart, waiting to test 1800.00 as a first target, reminding you that breaching this level will push the price to 1838.00 as a next station.

Therefore, we will keep our bullish overview unless breaking 1765.00 and holding below it.

The expected trading range for today is between 1770.00 support and 1810.00 resistance.

The expected trend for today: Bullish

The USDCAD pair settles around 1.2500 level, falling under the negative pressure formed by the EMA50, which support the continuation of our bearish overview, which target 1.2365 level mainly.

Holding below 1.2595 is important to continue the expected decline, as breaching it will lead the price to start correctional bullish wave on the short term basis.

The expected trading range for today is between 1.2430 support and 1.2560 resistance.

The expected trend for today: Bearish