Crude oil price opened today’s trading with strong rise to succeed achieving our extended target at 75.00, expecting the continuation of the bullish trend domination for the upcoming sessions to head towards 76.95 as a next main station, as the price is organized inside the bullish channel that appears on the chart, which carries the price to achieve more gains.

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, supported by the EMA50, noting that holding above 73.30 is important to continue the expected rise.

The expected trading range for today is between 73.50 support and 76.60 resistance.

The expected trend for today: Bullish

Silver price managed to touch our first target at 22.30 and found solid support there, to show bullish bias and approach the key resistance 22.90, waiting to rebound bearishly to resume the main bearish trend, which its targets extend to 21.65 followed by 20.75.

The negative effect of the head and shoulders’ pattern still active, reminding you that it is important to hold below 22.90 to continue the expected decline.

The expected trading range for today is between 22.10 support and 23.00 resistance.

The expected trend for today: Bearish

Gold price opens today’s trading positively to head towards potential test to the key resistance 1770.00, noticing that the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum to reach the overbought areas.

Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which depends on the price stability below the mentioned resistance, while its next main target located at 1735.00.

The expected trading range for today is between 1735.00 support and 1775.00 resistance.

The expected trend for today: Bearish

The USDCAD pair tested 1.2720 level and bounced downwards strongly from there, to approach our first waited negative target at 1.2600, expecting to break this level to open the way to head towards 1.2495 as a next target.

Therefore, the bearish trend will remain dominant for the upcoming sessions, supported by the EMA50 that pushes the price to the downside, reminding you that it is important to hold below 1.2720 and 1.2775 levels to continue the expected decline.

The expected trading range for today is between 1.2540 support and 1.2690 resistance.

The expected trend for today: Bearish