Crude oil price’s decline stopped at 76.40, to rebound upwards strongly and test the key resistance 78.95, to hint the attempt to return to the correctional bullish track, but it faces negative pressures formed by the technical indicators, which hinders the mission to rise.

Therefore, the contradiction between the technical factors makes us prefer to stay aside until the price confirms its next destination clearly, noting that confirming breaching 78.95 will push the price to achieve additional gains that reach 81.60, while consolidating below it will press on the price to resume the main bearish track that its next target located at 75.65.

The expected trading range for today is between 77.20 support and 80.80 resistance.

The expected trend for today: Neutral

Silver price bounced upwards strongly after finding solid support at 23.05, to resume the main bullish track and head towards achieving positive targets that start at 24.55.

Therefore, we suggest the continuation of the bullish bias on the intraday and short term basis, noting that breaking 23.55 will put the price under new negative pressure to head towards 23.05 initially.

The expected trading range for today is between 23.40 support and 24.20 resistance.

The expected trend for today: Bullish

Gold price resumes the bullish track after consolidating above the bullish channel’s support line, settling above the EMA50 now, and it needs to get enough positive momentum to continue the rise and surpass 1928.60 to ease the mission of heading towards the next positive target at 1950.00.

Therefore, the bullish trend is expected for the upcoming period, organized inside the bullish channel that has positive targets that surpass the above mentioned level, noting that breaking 1912.80 will stop the suggested rise and press on the price to turn to decline.

The expected trading range for today is between 1915.00 support and 1950.00 resistance.

The expected trend for today: Bullish

The USDCAD pair bounced downwards strongly after approaching our waited positive target at 1.3500, to break 1.3350 and settles below it again, which puts the price under the negative pressure and head to achieve negative targets that reach 1.3205.

Therefore, we expect to witness more decline in the upcoming sessions, taking into consideration that the continuation of the bearish wave requires holding below 1.3350 – 1.3370 levels.

The expected trading range for today is between 1.3225 support and 1.3370 resistance.

The expected trend for today: Bearish