Crude oil price begins bearish correction – Analysis - 12-10-2021
Crude oil price couldn’t manage to surpass the main bullish channel’s resistance, to rebound bearishly and start bearish correction for the last bullish wave, on its way to achieve negative targets that start at 79.40 and extend to 77.70.
Therefore, the bearish bias will remain suggested for today, noting htat breaching 80.45 is considered as the first positive key to regain the main bullish trend and stop the expected bearish correction.
The expected trading range for today is between 79.00 support and 81.60 resistance.
The expected trend for today: Bearish
Silver price within tight track - Analysis - 12-10-2021
Silver price shows tight trades since yesterday, settling around the EMA50, and as long as the price is below 22.90, our bearish overview will remain valid and active, organized inside the main bearish channel that appears on the chart, reminding you that we are waiting to visit 21.65 as a first main target.
The expected trading range for today is between 22.10 support and 23.00 resistance.
The expected trend for today: Bearish
Gold price needs a negative motive – Analysis - 12-10-2021
Gold price continues to fluctuate around the bearish channel’s resistance and around the EMA50, while stochastic loses its positive momentum gradually, waiting to get negative motive that assists to push the price to resume the expected bearish wave for the upcoming period, which its first main target located at 1735.00.
Therefore, we will continue to suggest the bearish trend on the intraday basis, reminding you that the continuation of the expected decline depends on the price stability below 1770.00 and 1780.00 levels.
The expected trading range for today is between 1735.00 support and 1775.00 resistance.
The expected trend for today: Bearish
The USDCAD retests the broken support – Analysis - 12-10-2021
The USDCAD pair retests 1.2495 level and keeps its stability below it, to keep the negative scenario valid for the upcoming period, supported by stochastic loss to the positive momentum and reaching the overbought areas, waiting to resume the bearish trend that its next target located at 1.2365.
The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2495.
The expected trading range for today is between 1.2400 support and 1.2550 resistance.
The expected trend for today: Bearish