Crude oil price hits the target – Analysis - 06-10-2021
Crude oil price begins to rebound bearishly after touching the main bullish channel’s resistance, which hints heading to start bearish wave on the intraday basis, targeting 77.85 followed by 76.65 as first negative stations, noting that breaking the last level will extend the bearish wave to reach 74.35.
Therefore, the bearish trend will be suggested for the upcoming period unless breaching 79.60 and holding above it.
The expected trading range for today is between 77.00 support and 80.00 resistance.
The expected trend for today: Bearish
Silver price gets a negative signal - Analysis - 06-10-2021
Silver price fluctuates within tight sideways track in the previous sessions, noticing that stochastic begins to provide negative signals now, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which its targets begin at 21.65.
Breaking 22.30 will ease the mission of achieving the expected decline, which will remain valid unless the price rallied to breach 22.90 and hold above it.
The expected trading range for today is between 22.00 support and 22.70 resistance.
The expected trend for today: Bearish
Gold price faces solid support – Analysis - 06-10-2021
Gold price continues to fluctuate around the breached resistance of the bearish channel that appears on the chart, waiting to get negative motive that assists to push the price to break the support line formed at 1755.00 and confirm rallying towards our main expected target at 1735.00.
In general, we will continue to suggest the bearish trend for the upcoming period as long as 1770.00 level remains intact, as breaching this level will lead the price to turn to rise and achieve gains that start by visiting 1800.00 areas.
The expected trading range for today is between 1735.00 support and 1770.00 resistance.
The expected trend for today: Bearish
The USDCAD retests the broken support – Analysis - 06-10-2021
The USDCAD pair is retesting 1.2600 level that was broken previously and keeps its stability below it, to keep the negative pressure valid on the intraday basis, waiting to head towards 1.2495 that represents our next main target.
The EMA50 continues to support the suggested negative scenario, reminding you that it is important to hold below 1.2665 to achieve the waited targets.
The expected trading range for today is between 1.2510 support and 1.2640 resistance.
The expected trend for today: Bearish