Crude oil price tested 72.50 level and bounced bullishly from there, to keep the bullish trend scenario valid and active on the intraday and short term basis, which targets 75.55 as a next station, noting that the EMA50 continues to support the suggested bullish wave.

We should note that holding above 72.50 is important to achieve the waited targets, as breaking it will press on the price to start correctional bearish wave on the intraday basis before turning back to rise again.

The expected trading range for today is between 72.00 support and 75.00 resistance.

The expected trend for today: Bullish

Silver price’s recent trades are confined within symmetrical triangle’s pattern that its signs appear on the chart, thus, the price needs to break this pattern’s support line to get negative motive that assists to push the price to resume the expected bearish trend for the upcoming period, which its targets begin by breaking 25.65 to confirm opening the way to head towards 24.95 as a next station.

In general, we will continue to suggest the bearish trend on the intraday and short term basis conditioned by the price stability below 26.25 and the most important below 26.85.

The expected trading range for today is between 25.50 support and 26.25 resistance.

The expected trend for today: Bearish

Gold price provided negative trades and attempted to approach 1770.00 level, waiting for more decline to break this level and confirm extending the bearish wave towards 1734.10 as a next negative station.

The EMA50 keeps supporting the expected bearish trend, to continue suggesting the bearish bias conditioned by the price stability below 1800.00, as breaching this level will lead the price to start recovery attempts that target testing 1825.15 areas initially.

The expected trading range for today is between 1755.00 support and 1790.00 resistance.

The expected trend for today: Bearish

The USDCAD pair tested the key resistance 1.2330 and keeps its stability below it until now, which represents the first protection factor to the continuation of the expected negative scenario for the upcoming period, waiting to resume the bearish bias to break 1.2260 and confirm opening the way to visit 1.2165 as a next station.

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.2330 and the most important below 1.2410.

The expected trading range for today is between 1.2250 support and 1.2380 resistance.

The expected trend for today: Bearish