Crude oil price shows some slight bullish bias after approaching 38.10 level in the previous sessions, affected by stochastic positivity, while the EMA50 continues to press negatively on the price, waiting to resume the expected bearish trend for the upcoming period, which its next main target located at 36.10.
Holding below 39.35 is important to continue the expected decline, as breaching it will stop the suggested negative scenario and push the price to turn to rise and achieve gains that start at 40.85 followed by 41.70.
The expected trading range for today is between 37.00 support and 40.00 resistance.
The expected trend for today: Bearish
Silver price shows some bullish bias to retest the broken support of the intraday bullish channel, accompanied by stochastic loss to the positive momentum, while the EMA50 forms negative pressure against the price.
Therefore, we believe that the way is open to resume the expected bearish trend for the upcoming period, which its targets begin at 23.60 and extend to 22.13 after surpassing the previous level, reminding you that the continuation of the bearish wave requires holding below 25.06.
The expected trading range for today is between 23.70 support and 25.06 resistance.
The expected trend for today: Bearish
Gold price did not settle for long time below 1901.80, to trade positively and test the key resistance that rises now to 1910.00, attempting to breach this level and achieve more intraday gains, which makes us prefer staying neutral temporarily until we get clearer signal for the next trend, due to the contradiction between the technical factors that the price face now.
Note that breaching 1910.00 will lead the price to achieve new rise that targets testing 1934.86 areas again, while breaking 1901.80 and holding below it will reactivate the bearish trend scenario that its next main target located at 1860.90.
The expected trading range for today is between 1890.00 support and 1930.00 resistance.
The expected trend for today: Depends on the above mentioned levels
The USDCAD pair surpassed the resistance line that appears on the chart and approached the key resistance 1.3240, noticing that the price begins providing negative trades now, hinting the price head to resume the main bearish trend, supported by the negative signal provided by stochastic now.
Therefore, we believe that the way is open to continue the decline in the upcoming sessions, and the targets begin by breaking 1.3140 to open the way to head towards 1.3035 followed by 1.2960 levels, noting that breaching 1.3240 will push the price to achieve more gains and head towards 1.3362 before any new attempt to decline.
The expected trading range for today is between 1.311 support and 1.3240 resistance.
The expected trend for today: Bearish