Crude oil price made new test to 71.05 level and bounced bullishly from there, which keeps the bullish trend scenario valid and active for the upcoming period, and we believe that the way is open to visit 73.30 as a next main target.

The EMA50 continues to support the suggested bullish wave, noting that breaking 71.05 will press on the price to return to the correctional bearish track again.

The expected trading range for today is between 71.05 support and 73.80 resistance.

The expected trend for today: Bullish

Silver price broke 24.95 level strongly to settle below it, which supports the expectations of extending the bearish wave on the intraday and short term basis, opening the way to head towards 23.75 that represents our next negative target.

The EMA50 supports the suggested bearish wave, which will remain valid and active conditioned by the price stability below 24.95.

The expected trading range for today is between 24.20 support and 25.20 resistance.

The expected trend for today: Bearish

Gold price fluctuates at the EMA50 and attempts to breach it, noticing that stochastic loses its positive momentum to reach the overbought areas, waiting to motivate the price to decline again and press on 1797.00 level and attempt to break it to open the way to head towards 1770.00 as a next negative target.

Therefore, we will keep our bearish overview unless the price rallied to breach 1825.15 and hold above it.

The expected trading range for today is between 1775.00 support and 1820.00 resistance.

The expected trend for today: Bearish

The USDCAD pair provided positive trades yesterday and attempted to mov away from the bullish channel’s support line, but it faces negative pressure formed by the EMA50 and stochastic, which makes us prefer continuing neutral due to the contradiction between the technical factors.

The price needs to breach 1.2620 resistance or break 1.2500 support to detect its next destination clearly, noting that breaching this resistance will lead the price to continue the rise within the bullish channel that appears on the chart to head towards 1.2805 initially, while breaking the support represents the key to extend the correctional bearish wave to reach 1.2410 as a next negative target.

The expected trading range for today is between 1.2500 support and 1.2660 resistance.

The expected trend for today: Neutral