Crude oil price is testing the key support base 71.95$ and keeps its stability above it until now, while the positive effect of the inverted head and shoulders’ pattern still active, which supports the chances of achieving more gains in the upcoming period, noting that our targets begin at 73.48$ and extend to 75.36$.

The EMA50 keeps supporting the suggested bullish wave, noting that holding above 71.95$ represents the first condition to the continuation of the expected rise, as breaking it will push the price to test the most important support line to the short-term trades at 70.44$ before determining the next trend clearly.

The expected trading range for today is between 70.80$ support and 73.80$ resistance

Trend forecast: Bullish

Silver price soared yesterday, as it surpassed our waited target at 31.70$ to attack 32.00$ barrier and attempts to hold above it, paving the way to continue the rise and achieve new positive targets that reach the recently recorded high at 32.50$.

Therefore, the bullish trend will remain valid on the intraday and short-term basis, noting that breaking 31.00$ will stop the bullish rally and push the price to return to the correctional bearish track again.

The expected trading range for today is between 31.70$ support and 32.60$ resistance.

Trend forecast: Bullish

Gold price rallied upwards yesterday to surpass our waited target at 2644.65$ and open the way to achieve more gains on the short-term and medium-term basis, and we believe that the way is open to target 2700.00$ barrier as a next main station.

Therefore, we are waiting for more expected rise in the upcoming sessions, supported by the EMA5, noting that breaking 2647.00$ will stop the bullish wave and put the price under correctional bearish pressure on the intraday basis before turning back to rise again.

The expected trading range for today is between 2650.00$ support and 2690.00$ resistance.

Trend forecast: Bullish

The USDCAD price declined strongly yesterday to surpass our waited target at 1.3471$ and settles below it, opening the way to continue the decline on the intraday basis, to head towards visiting 1.3360$ as a next negative target.

The EMA50 forms negative pressure that supports the continuation of the suggested bearish wave, which will remain valid unless breaching 1.3471$ and holding above it.

The expected trading range for today is between 1.3355$ support and 1.3490$ resistance.

Trend forecast: Bearish