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Crude oil price begins with big bullish gap – Analysis - 16-09-2019
Crude oil price opened today’s trading with a big bullish gap that put the price above 62.00$ barrier, affected by Aramco assaults and the Saudi oil production collaps to 50%, but we notice that the price is trading with a clear negativity since the opening as a signal for the price head to the natural bearish track, in its way to test 57.42 level initially, pointing that breaking this level will confirm the continuation of the decline towards 54.60 as a next negative station.
Therefore, we prefer witnessing more of the downside moves in the upcoming sessions unless breaching 60.92 level and holding with a daily close above it.
The expected trading range for today is between 57.40 support and 60.90 resistance.
The expected trend for today: Bearish
Silver price breaks the support – Analysis - 16-09-2019
Silver price traded with a strong negativity in last Friday to break the bullish channel’s support and settles below it, to provide signals for heading to make more of the bearish correction, where breaking 17.60 represents a confirmation key for rally towards 16.95 as a next main station.
MoreGold price keeps its positive stability – Analysis - 16-09-2019
Gold price made a new test to the bullish trend line and keeps its stability above this level, where it begins today’s trading with a bullish bias to move near the EMA50, keeping the bullish trend scenario valid and active in the upcoming period, waiting for breaching 1524.00 level to ease the mission of heading to 1555.00 that represents our next main target.
MoreThe USDCAD hits the target – Analysis - 16-09-2019
The USDCAD pair rallied higher strongly in last Friday to succeed to achieve the waited target at 1.3285, and begins today with a bearish gap to move near the EMA50, we expect that the price will recover in the upcoming sessions to cover the mentioned gap then breach the mentioned level to rally towards achieving more of the positive targets.
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