Crude oil price traded with clear positivity yesterday to move away from 67.40 and completes forming inverted head and shoulders’ pattern that its signs appear on the chart, which leads the price to achieve more expected gains on the intraday and short term basis, and it needs to surpass 70.85 to ease themissoin of heading towards 73.60 as a next positive target.

Therefore, the bullish bias will be suggested in the upcoming sessions, it might be preceeded by some decline affected by the negativity of the technical indicators, taking into consideration that failing to breach 70.85 might press on the price to decline towards 68.85 areas and might extend to 67.40 before any new attempt to rise.

The expected trading range for today is between 68.95 support and 72.00 resistance.

The expected trend for today: Bullish

Silver price moves within sideways track appears on the chart, which forms negative formation that supports the continuation of the main negative scenario, and the price needs to break 22.15 to ease the mission of rallying towards our main waited target at 21.40.

Therefore, our bearish overview will remain valid and active, noting that breaching 22.60 will push the price to test 23.15 areas before any new attempt to decline.

The expected trading range for today is between 21.80 support and 22.60 resistance.

The expected trend for today: Bearish

Gold price fluctuates with calm negativity to approach gradually from 1770.00 level, supported by the negative pressure formed by the EMA50, waiting for more decline to surpass the mentioned level and open the way to extend the bearish wave towards 1734.00.

Therefore, the bearish trend scenario will remain valid and active for the upcoming period, reminding you that it is important to hold below 1797.00 to achieve the suggested targets.

The expected trading range for today is between 1755.00 support and 1790.00 resistance.

The expected trend for today: Bearish

The USDCAD pair traded with clear negativity yesterday and begins today with more decline to test the key support 1.2725, which urges caution from the upcoming trading, as breaking this support will stop the positive scenario and press on the price to turn to decline.

Therefore, we prefer to stay aside now until the price confirms its situation according to the mentioned level, noting that breaking it will push the price to visit 1.2590 as a first negative target, while consolidating above it will lead the price to resume the bullish track that its next main target located at 1.2950.

The expected trading range for today is between 1.2660 support and 1.2800 resistance.

The expected trend for today: Neutral