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Crude oil price hits the first target – Analysis - 13-09-2019
Crude oil price settles at 50% Fibonacci correction level at 54.60, and the price faces negative pressure that makes us suggest breaking the mentioned level and extend the bearish wave on the short term basis, noting that confirming breaking 54.60 followed by 53.90 levels will push the price to 51.80 as a next main station.
Therefore, the bearish trend will remain dominant in the upcoming sessions unless the price rallied to breach 57.40 level and holding above it.
The expected trading range for today is between 53.00 support and 56.00 resistance.
The expected trend for today: Bearish
Silver price settles at the support – Analysis - 13-09-2019
Silver price continues to fluctuate at the main bullish channel’s support line that appears on the chart and consolidates above it, accompanied by stochastic approach to provide positive overlapping signal on the four hours’ time frame, which forms positive motive that we expect to push the price to rise in the upcoming sessions and resume trading inside the mentioned bullish channel.
MoreGold price completes a positive pattern – Analysis - 13-09-2019
Gold price completed forming falling wedge pattern that its signs appear on the chart, to trade with clear positivity yesterday, and it returns to fluctuate near the main bullish trend line that appears on the chart, accompanied by stochastic reach to the oversold areas.
MoreThe USDCAD attempts to recover – Analysis - 13-09-2019
The USDCAD pair breached 1.3200 level and settled above it, to turn to rise on the intraday basis, on its way to test 1.3285 mainly.
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