Crude oil price broke 78.95 level strongly and declined clearly to approach 77.00 barrier now, to fall under expected negative pressure in the upcoming period, targeting testing 75.65 as a next negative target.

Therefore, we expect to witness more decline on the intraday basis, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave requires holding below 78.95.

The expected trading range for today is between 75.65 support and 79.00 resistance.

The expected trend for today: Bearish

Silver price faces strong resistance at 23.70, and the EMA50 meets this level to add more strength to it, waiting to get positive motive that assists to push the price to breach this level and open the way to head towards our expected target at 24.55.

Until now, the bullish trend scenario still valid unless breaking 23.55 and holding below it, reminding you that breaking this level will push the price to decline towards 23.05 direct.

The expected trading range for today is between 23.30 support and 24.00 resistance.

The expected trend for today: Bullish

Gold price fluctuates with slight negativity and attempts to surpass the EMA50, to keep the bearish trend scenario valid on the intraday basis, which targets testing the bullish channel’s support line around 1908.40.

We remind you that the expected decline is temporary unless breaking the mentioned support, as breaking it will press on the price to suffer additional losses and start correctional bearish wave on the intraday basis, while breaching 1935.00 will stop the expected decline and lead the price to resume the main bullish trend again.

The expected trading range for today is between 1900.00 support and 1935.00 resistance.

The expected trend for today: Bearish temporarily

The USDCAD pair traded with clear positivity to breach 1.3350 followed by the bearish channel’s resistance that appears on the chart, to stop the recently suggested negative scenario and head towards achieving intraday rise that targets visiting 1.3500 as a next main station.

Therefore, the bullish bias will be suggested for today supported by moving above the EMA50, noting that breaking 1.3350 will stop the expected rise and press on the price to decline again.

The expected trading range for today is between 1.3350 support and 1.3500 resistance.

The expected trend for today: Bullish