Crude oil price opened today’s trading with strong rise to surpass our extended target at 83.00 and opens the way to achieve more gains on the short term and medium term basis, facing key resistance now at 83.95, noting that breaching this level will extend the bullish wave to reach 86.00 followed by 87.00 levels.

Note that the continuation of the bullish wave requires holding above 82.70, as breaking this level will press on the price to start intraday bearish correction that targets testing 82.10 and might extend to 81.10 before any new attempt to rise.

The expected trading range for today is between 82.20 support and 85.00 resistance.

The expected trend for today: Bullish

Silver price retested 23.15 level and kept its stability above it, noticing that stochastic got rid of its negativity and begins to overlap positively now, expecting to motivate the price to resume the expected bullish trend on the intraday basis, which targets 24.20 initially.

Therefore, the positive scenario will remain suggested for the upcoming period unless breaking 23.15 and holding below it.

The expected trading range for today is between 23.00 support and 23.90 resistance.

The expected trend for today: Bullish

Gold price settles around 1770.00 level, keeping its stability below it, to keep the chances valid to continue the bearish trend in the upcoming sessions, waiting to head towards 1734.00 that represents our next main station.

Therefore, we will continue to suggest the bearish trend on the intraday basis, noting that breaching 1770.00 and holding above it might push the price to test 1797.00 before any new attempt to decline.

The expected trading range for today is between 1745.00 support and 1780.00 resistance.

The expected trend for today: Bearish

The USDCAD pair hovers around 1.2365, noticing that stochastic lost its positive momentum and begins to provide negative signals now, waiting to motivate the price to resume the correctional bearish trend, which its next target located at 1.2230.

The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 1.2495 and hold above it.

The expected trading range for today is between 1.2300 support and 1.2450 resistance.

The expected trend for today: Bearish