Crude oil price broke 59.85 support line strongly and closed the daily candlestick below it, to reactivate the correctional bearish trend scenario again, paving the way to achieve negative targets that start at 57.25 and extend to 54.85.

Therefore, we expect witnessing more decline in the upcoming sessions, organized inside the bearish channel that appears on the chart, noting that breaching 59.85 will stop the current negative pressure and lead the price to start new recovery attempts.

The expected trading range for today is between 57.60 support and 60.50 resistance.

The expected trend for today: Bearish

Silver price shows more rise to fluctuate around 24.30, noticing that stochastic lost its positive momentum to reach the oversold areas, while the EMA50 continues to press negatively on the price.

Therefore, we believe that the chances are valid to resume the main bearish trend, which targets 22.90 as a next main station, reminding you that it is important to hold below 25.50 to continue the expected decline.

The expected trading range for today is between 23.60 support and 24.70 resistance.

The expected trend for today: Bearish

Gold price ended yesterday with clear positivity after confirming breaching 1692.00, and we believe that the way is open to continue the rise to visit the bearish channel’s resistance at 1727.00, making the bullish bias suggested in the upcoming sessions, being aware that it is important to monitor the price behavior when reaching the mentioned level due to its importance to detect the next destination.

Note that breaching 1727.00 will push the price to turn to rise and achieve additional gains that reach 1765.00, while holding against the current rise will lead the price to resume the main bearish trend that its targets begin at 1692.00 and extend to 1665.00.

The expected trading range for today is between 1700.00 support and 1730.00 resistance.

The expected trend for today: Bullish temporarily

The USDCAD pair retested the beached resistance of the minor bearish channel and bounced bullishly from there, accompanied by witnessing clear positive signals through stochastic, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its next target located at 1.2700.

Therefore, we will keep our bullish overview that gets continuous positive support by the EMA50 conditioned by the price stability above 1.2525.

The expected trading range for today is between 1.2540 support and 1.2660 resistance.

The expected trend for today: Bullish