Crude oil price found solid support at the first correctional level at 77.53$, to start providing positive trades by today’s open, but we will depend on the last daily candlestick below this level to suggest the continuation of the correctional bearish trend on the intraday basis, waiting to visit 75.53$ as a next negative target.

Therefore, we are waiting for negative trades in the upcoming sessions, noting that breaching 78.25$ will stop the bearish wave and lead the price to resume the main bullish trend again.

The expected trading range for today is between 76.30$ support and 79.30$ resistance

Trend forecast: Bearish

Silver price begins attempts to breach 30.63$ level, reinforcing the expectations of continuing the domination of the bullish trend in the upcoming sessions, organized inside the bullish channel that appears on the chart, waiting to achieve new gains that reach 31.30$ followed by 31.63$ levels.

The EMA50 supports the price from below to reinforce the positive overview, taking into consideration that failing to breach 30.63$ will put the price under new negative pressure to head towards testing 30.00$ areas and might extend to 29.63$ before any new attempt to rise.

The expected trading range for today is between 30.35$ support and 31.15$ resistance.

Trend forecast: Bullish

Gold price opens today’s trading with clear positivity to resume the main bullish trend, waiting to test the bullish channel’s resistance line that rises now to 2742.00$.

Stochastic current negativity might slow down the suggested bullish wave, noting that breaking the channel’s support line at 2693.00$ will stop the bullish trend and push the price to start bearish correction that its first target located at 2672.00$.

The expected trading range for today is between 2705.00$ support and 2745.00$ resistance.

Trend forecast: Bullish

The USDCAD price showed high volatility yesterday, as it attacked the bullish channel’s support line to reach 1.4260$ areas, followed by strong bullish rebound to touch 1.4467$ level again, facing contradiction between the technical indicators that makes us prefer to stay aside until we get clearer signal for the next trend, through breaching 1.4467$ resistance or breaking 1.4360$ support.

Note that breaching the mentioned resistance will lead the price to continue the main bullish trend and head to visit 1.4600$ areas on the near-term basis, while breaking the support represents the key to start bearish correction that its first target located at 1.4220$.

The expected trading range for today is between 1.4340$ support and 1.4490$ resistance

Trend forecast: Neutral