Crude oil price faced solid obstacle at the main bullish channel’s resistance, to rebound bearishly and suffer some intraday losses, noticing that stochastic provides positive signals that motivate the price to start positively today, to support the chances of resuming the bullish trend again.
Therefore, we expect to witness bullish bias today, and the targets begin by breaching 85.25 to confirm opening the way to visit 85.85 followed by 87.35 levels as next main stations, noting that breaking 82.85 will stop the expected rise and press on the price to achieve more bearish correction that its next target reaches 81.30.
The expected trading range for today is between 82.50 support and 85.50 resistance.
The expected trend for today: Bullish
Silver price trades with calm positivity to move away gradually from 24.20 level, to keep the bullish trend scenario valid and active for the upcoming period, supported by the EMA50 that carries the price from below, waiting to visit 25.05 as a next main target.
Note that the continuation of the bullish wave depends on the price stability above 24.20, while breaching the targeted level represents the key to rally towards the next correctional target that reaches 25.94.
The expected trading range for today is between 24.10 support and 24.85 resistance.
The expected trend for today: Bullish
Gold price confirmed breaching 1797.00 after closing the daily candlestick above it, settling around 1800.00 level, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, which gets good support by the EMA50, and we believe that the way iso pen to achieve our main positive target at 1825.15.
Holding above 1797.00 – 1790.00 levels is important to continue the positive trades, as breaking them will press on the price to turn to decline on the intraday basis to test 1770.00 before any new positive attempt.
The expected trading range for today is between 1790.00 support and 1825.00 resistance.
The expected trend for today: Bullish
The USDCAD pair surpassed 1.2365 level and settled above it, and by taking a deeper look at the chart, we find that the price forms bullish pattern that we expect to push the price to achieve intraday gains in the upcoming sessions.
Therefore, the bullish trend will be suggested for today unless breaking 1.2365 and holding below it again, noting that the main expected target is located at 1.2475.
The expected trading range for today is between 1.2320 support and 1.2450 resistance.
The expected trend for today: Bullish