Crude oil price settles above 90.00 barrier, waiting to get positive motive that assists to push the price to resume the bullish wave, which its next target located at 93.17, noting that the EMA50 continues to support the price from below.

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 89.70 might press on the price to decline and test 86.60 areas before any new attempt to rise.

The expected trading range for today is between 89.00 support and 92.70 resistance.

The expected trend for today: Bullish

Silver price rallied upwards strongly on last Friday to surpass 20.00 level and touch our extended target at 20.70, noticing that the price begins today with bearish bias to head towards expected test to 20.00 level, making the bearish bias suggested in the upcoming sessions, noting that we expect to resume the bullish wave after testing the mentioned support.

On the other hand, we should note that continuing the decline and breaking 20.00 will put the price under additional negative pressure that targets testing 19.65 levels as a next negative station, while breaching 20.70 will push the price to achieve new gains that reach 21.20.

The expected trading range for today is between 20.00 support and 20.80 resistance.

The expected trend for today: Bearish temporarily

Gold price continued to rise on last Friday to approach our waited target at 1686.40, starting today with bearish bias to head towards potential test to the support base formed at 1660.00 after breaching it previously, to keep the chances valid to continue the bullish trend in the upcoming sessions.

Therefore, the positive scenario will remain active unless breaking 1660.00 and holding below it, noting that breaching 1686.40 will lead the price to head towards 1708.55 as a next positive target.

The expected trading range for today is between 1655.00 support and 1690.00 resistance.

The expected trend for today: Bullish

The USDCAD pair ended last Friday below 1.3500 level after the sharp decline that it witnessed in the previous sessions, affected by the strong positive employment data from the Canadian economy, and by taking a deeper look at the chart, we find that the price completed forming head and shoulders’ pattern that its confirmation line located at the mentioned level.

Therefore, we expect to face additional negative pressures in the upcoming period, and the targets begin by surpassing 1.3500 support line to open the way to head towards 1.3350 followed by 1.3205 levels, taking into consideration that the consolidation of the mentioned support against the current negative pressure will lead the price to start recovery attempts that target testing 1.3680 areas initially.

The expected trading range for today is between 1.3440 support and 1.3590 resistance.

The expected trend for today: Bearish