Crude oil price begins to rebound bearishly after it managed to achieve our waited target at 57.33, which hints the price head to resume the correctional bearish wave, on its way to visit 54.47 level as a next main station.

Therefore, we expect witnessing negative trades today, supported by the overbought signals that appear through stochastic, noting that breaching 57.33 will stop the negative scenario and lead the price to achieve more gains that reach 60.86 on the near term basis.

The expected trading range for today is between 54.50 support and 57.50 resistance.

The expected trend for today: Bearish

Silver price did not settle for long time above 17.30, and it faced strong negative pressure that pushed the price to touch 16.50 areas yesterday, approaching the bullish channel’s support line that appears on the chart, noticing that the price rebounds bullishly to settle above the EMA50 now.

Stochastic begins to provide positive signals on the four hours’ time frame, thus, we believe that the chances are valid to resume the bullish trend again, which its targets begin by breaching 17.30 to confirm opening the way to head towards 18.45 on the near term basis, noting that breaking 16.45 will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 16.70 support and 17.30 resistance.

The expected trend for today: Overall Bullish

The 38.2% Fibonacci correction level managed to stop the strong decline that Gold price witnessed yesterday, to start the attempts to surpass the resistance barrier located at 1503.25, noticing that stochastic shows positive signals that we are waiting to motivate the price to achieve the required breach followed by resuming the main bullish trend.

Therefore, we will keep our bullish overview conditioned by the price stability above 1483.60, reminding yout hat our next main target is located at 1560.00.

The expected trading range for today is between 1485.00 support and 1530.00 resistance.

The expected trend for today: Bullish

The USDCAD pair tested the key resistance 1.3286 yesterday and bounced downwards strongly to attack the bullish channel’s support line that appears on the chart, as it moves below it now, which keeps the bearish trend scenario valid and active for the upcoming period, on its way to achieve negative targets that start at 1.3150 and extend to 1.3050.

Therefore, the bearish trend will remain dominant for today unless the price rallied to breach 1.3286 level and hold above it.

The expected trading range for today is between 1.3140 support and 1.3300 resistance.

The expected trend for today: Bearish