Crude oil price opened today with strong bearish gap that put the price at 38.2% Fibonacci correction level for the rise measured from 19.90 to 29.11, which meets the intraday bullish channel’s support line that appears on the chart, to resume its positive trading strongly and surpasses 27.00$ barrier on its way to achieve more gains in the upcoming sessions.

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, reminding you that our next target reaches 30.00, while breaking 25.60 represents negative factor that will press on the price to achieve more bearish correction that its next target reaches 24.50.

The expected trading range for today is between 26.00 support and 30.00 resistance.

The expected trend for today: Bullish

Silver price settles above 14.17, and the EMA50 meets this level to add more strength to it, noticing that stochastic gains the positive momentum to support the chances of resuming the positive trades in the upcoming sessions.

Therefore, the bullish trend will remain active on the intraday basis, waiting to visit 15.08 level as a next target, noting that it is important to hold above 14.17 to continue the expected rise.

The expected trading range for today is between 14.20 support and 15.10 resistance.

The expected trend for today: Bullish

Gold price settles above 1600.00$ barrier, and the EMA50 continues to provide the positive support to the price, to keep the bullish trend scenario valid and active for the upcoming period, organized inside the main bullish channel that appears on the chart, noting that our positive targets begin at 1644.20 and extend to 1703.25 after breaching the previous level.

We should note that holding above 1607.70 represents initial condition to continue the expected rise, as breaking it will press on the price to test the most important support line to the short term trades at 1578.20 before any new attempt to rise.

The expected trading range for today is between 1600.00 support and 1650.00 resistance.

The expected trend for today: Bullish

The USDCAD pair returns to test the key resistance 1.4264 by today’s open, but it begins to rebound bearishly and move away from this level, which keeps the bearish trend scenario valid on the intraday and short term basis, and the price needs to surpass the EMA50 to ease the mission of heading towards our first negative target at 1.4015.

Therefore, our bearish overview will remain valid in the upcoming sessions unless the price rallied to breach 1.4264 level and hold above it.

The expected trading range for today is between 1.4050 support and 1.4264 resistance.

The expected trend for today: Bearish