Crude oil price didn’t hold for long time below 89.35, to rally upwards strongly and surpass 90.15 level and settles above it, which stops the negative scenario suggested yesterday and lead the price to attempt to regain the main bullish trend again, on its way to achieve positive targets that start at 91.45 and extend to the recently recorded high at 92.92 as next main stations.

Therefore, we expect to witness more rise in the upcoming sessions, supported by the EMA50 that carries the price from below, noting that breaking 89.35 will stop the expected bullish trend and put the price under the correctional bearish pressure again.

The expected trading range for today is between 89.50 support and 92.50 resistance.

The expected trend for today: Bullish

Silver price bounced upwards clearly after testing 23.00 in the previous sessions, to resume the bullish track and approach the suggested positive target at 23.70, being aware that we need to monitor the price at this level, as breaching it represents the key to rally to achieve additional gains that reach 24.60 areas.

Therefore, we expect to witness more bullish bias on the intraday basis unless breaking 23.00 and holding below it.

The expected trading range for today is between 23.20 support and 24.00 resistance.

The expected trend for today: Bullish

Gold price declined strongly yesterday to succeed reaching few pips away from our waited target at 1913.15, noticing that the price rebounds upwards clearly from there, to head towards building bullish wave that we expect to target testing 1929.00 initially, noting that breaching this level will push the price to 1945.20 as a next main target.

Therefore, the bullish bias will be expected for today, supported by stochastic current positivity, taking into consideration that breaking 1913.15 will stop the suggested rise and push the price to suffer more losses on the intraday basis.

The expected trading range for today is between 1910.00 support and 1940.00 resistance.

The expected trend for today: Bullish

The USDCAD pair couldn’t manage to hold for long time above 1.3500 level, to face negative pressure and retest the breached neckline of the double bottom pattern that appears on the chart, waiting to resume the positive trades to surpass the mentioned level and open the way to head towards 1.3585 as a next positive target.

Stochastic gathers the positive momentum clearly to support the expectations to rise in the upcoming sessions, taking into consideration that breaking 1.3460 will put the price under additional negative pressure to head towards 1.3350 areas on the near term basis.

The expected trading range for today is between 1.3420 support and 1.3550 resistance.

The expected trend for today: Bullish