Crude oil price found solid support at 77.24$ level, as it consolidated above it after the negative pressure that it witnessed in the previous sessions, which hints heading to achieve gains on the intraday basis, targeting visiting 78.66$ as a next positive station, noting that breaching it will push the price towards 80.08$ as a next target.
On the other hand, we should note that breaking 77.24$ will stop the suggested bullish wave and put the price under additional negative pressure, to head towards visiting 75.50$ areas on the near-term basis.
The expected trading range for today is between 76.00$ support and 79.20$ resistance
Trend forecast: Bullish
Silver price faced negative pressures yesterday to attack 28.55$ level, but it begins today with clear positivity to settle above hits level again, accompanied by witnessing positive overlapping signal through stochastic, to motivate the price to provide additional positive trades in the upcoming sessions and head to test 29.30$ as a next station, noting that breaching it will push the price towards 30.06$ as a next target.
On the other hand, we should note that breaking 28.55$ and holding below it will stop the expected rise and push the price to decline again.
The expected trading range for today is between 28.50$ support and 29.30$ resistance.
Trend forecast: Bullish
Gold price shows new positive trades to surpass 2450.00$ level, reinforcing the expectations of continuing the bullish trend, and the way is open to test the historical high at 2483.40$, noting that breaching it will push the price towards 2500.00$ barrier direct.
Stochastic gains the positive momentum to support the expectations to continue the rise in the upcoming sessions, noting that breaking 2428.00$ might push the price to decline and test the key support 2380.00$ before any new attempt to rise.
The expected trading range for today is between 2440.00$ support and 2480.00$ resistance.
Trend forecast: Bullish
The USDCAD price found solid support at 1.3800$, to rebound upwards clearly and return to the bullish channel again, on its way to resume the main bullish trend, and we suggest targeting 1.3900$ followed by 1.3977$ levels as next positive stations.
Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 1.3845$ will put the price under new bearish correction pressure on the intraday basis.
The expected trading range for today is between 1.3800$ support and 1.3940$ resistance.
Trend forecast: Bullish