Crude Oil Price Analysis

Expected Scenario

• Crude oil price continued its upward movement, breaching the 79.60$ level and closing the daily candlestick above it.
• This breakout indicates an exit from the previous sideways range, with a potential for further gains in the upcoming sessions, targeting 81.50$ areas as the next positive station.
• Additional positive trades are expected on the intraday basis, supported by the EMA50.
• However, a break below 79.60$ would signal a halt to the bullish trend and a possible return to the correctional bearish track.

Expected Trading Range

Between 78.90$ support and 81.50$ resistance.

Silver Price Analysis

Expected Scenario

• Silver price has demonstrated new strong positive trades, successfully achieving our previously suggested target at 32.50$.
• We anticipate the continuation of this upward momentum, aiming for additional gains reaching 33.70$ areas as the next main station.
• The EMA50 continues to support the suggested bullish wave, despite potential sideways fluctuations influenced by stochastic negativity.
• However, breaking 31.00$ would halt the rise and trigger some bearish correction before resuming the bullish trend.

Expected Trading Range

Between 31.90$ support and 32.80$ resistance.

Gold Price Analysis

Expected Scenario

• Gold price resumed its bullish rally, successfully achieving our second awaited target at 2431.44$ and recording new historical levels.
• Attempting to confirm the breach of this level, it paves the way for additional gains and new positive targets, expected to reach the 2500.00$ barrier as the next main station.
• We continue to suggest a bullish trend for the upcoming period, with a note that failing to consolidate above 2431.44$ may lead to a new bearish correction on the intraday basis.

Expected Trading Range

Between 2420.00$ support and 2460.00$ resistance.

USDCAD Price Analysis

Expected Scenario

• The USDCAD price experiences a bearish rebound after testing the broken support of the bullish channel, nearing the 1.3590$ level.
• There's anticipation for a break below this level to confirm the extension of the correctional bearish wave towards 1.3512$ and 1.3433$ levels as the next negative targets.
• The bearish trend is expected to continue, influenced by the triple top pattern visible on the chart.
• Breaching 1.3640$ and 1.3690$ levels will negate the expected decline and potentially resume the main bullish trend.

Expected Trading Range

Between 1.3530$ support and 1.3660$ resistance.