Crude oil price shows calm negative trades to approach gradually from the bullish channel’s support line, and we expect the continuation of the bearish bias to test 90.05 level followed by turning back to resume the main bullish trend.

Therefore, we expect to witness more decline now, taking into consideration that breaking the targeted level will push the price out of the bullish channel to start correctional bearish wave on the intraday basis, while breaching 91.85 represents positive factor that will stop the suggested decline and lead the price to resume the bullish trend again.

The expected trading range for today is between 89.70 support and 92.50 resistance.

The expected trend for today: Bearish temporarily

Silver price reached few pips away from our waited target at 23.15 and bounced bearishly from there, to head towards testing the minor support base at 22.85, noticing that the EMA50 continues to support the price from below, waiting to resume the positive trades to surpass 23.15 and achieve additional targets that reach 23.55.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 22.85 level, as breaking this level will press on the price to achieve additional decline that its next target reaches 22.25.

The expected trading range for today is between 22.65 support and 23.20 resistance.

The expected trend for today: Bullish

Gold price resumes its positive trading to reach the waited target at 1825.15, getting continuous positive support by the EMA50, to support the chances of surpassing this level and open the way to achieve extended gains that reach 1860.00.

Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that failing to breach 1825.15 will force the price to rebound bearishly and head to test 1797.00 areas again before any new attempt to rise.

The expected trading range for today is between 1810.00 support and 1835.00 resistance.

The expected trend for today: Bullish

The USDCAD pair broke 1.2725 level strongly to confirm the continuation of the bearish trend domination, noticing that the price forms new double top pattern that its signs appear on the chart, to support the chances of achieving more decline in the upcoming sessions, which targets 1.2590 level as a next station.

Therefore, the bearish trend will remain suggested on the intraday basis unless breaching 1.2725 followed by 1.2790 levels and holding above them.

The expected trading range for today is between 1.2630 support and 1.2750 resistance.

The expected trend for today: Bearish