Crude oil price shows sideways and tight trades in the previous sessions, keeping its stability below 59.85, and the EMA50 continues to press negatively on the price, to support the chances of resuming the expected bearish trend for the upcoming period, which targets 57.25 followed by 54.85 levels mainly.

Therefore, we will keep our bearish overview unless breaching 59.85 – 60.10 levels and holding above them.

The expected trading range for today is between 58.00 support and 60.50 resistance.

The expected trend for today: Bearish

Silver price bounced bearishly after testing 25.50 level in the previous sessions, and by taking a deeper look at the chart, we find that the price completed forming rising wedge that supports the expectations of continuing the bearish trend in the upcoming sessions, waiting to break 24.75 to confirm opening the way to head towards 22.90 as a next target.

Therefore, the bearish trend scenario will remain valid and active on the intraday and short term basis unless breaching 25.50 and holding above it.

The expected trading range for today is between 24.50 support and 25.50 resistance.

The expected trend for today: Bearish

Gold price approached our waited positive target at 1765.00 and bounced bearishly to test the EMA50, showing slight bias now to head towards new test to the key support 1731.00, which urges caution from the upcoming trading, as breaking this level will turn the intraday trend downwards.

Until now, we will continue to suggest the bullish trend for the upcoming period unless breaking 1731.00 and holding below it, noting that the EMA50 and stochastic support the expected rise, waiting to test 1765.00 initially, which breaching it represents the key to rally to achieving additional gains that reach 1800.00 followed by 1838.00.

The expected trading range for today is between 1727.00 support and 1760.00 resistance.

The expected trend for today: Bullish

The USDCAD pair broke the intraday bullish channel’s support line and settled below it, which leads the price to turn to decline and resume the main bearish trend again, to head towards achieving negative targets that start at 1.2465 and extend to 1.2365.

Therefore, the bearish bias will be expected for the upcoming sessions, noting that breaching 1.2565 and holding above it will stop the suggested decline and push the price to recover again.

The expected trading range for today is between 1.2475 support and 1.2610 resistance.

The expected trend for today: Bearish