Crude oil price shows positive trades to move away from 77.86 level, reinforcing the expectations of continuing the rise inside the bullish channel that appears on the chart, waiting to visit 79.15 followed by 80.00 levels that represent our next main targets.
The EMA50 supports the price from below to reinforce the expectations of continuing the bullish trend, noting that breaking 77.86 will stop the positive scenario and push the price to start bearish correction on the intraday basis.
The expected trading range for today is between 77.30 support and 80.30 resistance
The expected trend for today: Bullish
Silver price continued to decline to break 23.00 and attempts to hold below it, to hint potential turn to decline, but we notice that stochastic shows clear positive signals now, to support the chances of resuming the expected positive trades on the intraday basis, which its next main target located at 23.70.
Therefore, we expect to witness bullish bias in the upcoming sessions, taking into consideration that failing to trade above 23.00 again will push the price to suffer additional losses and open the way to visit 22.25 areas on the near-term basis.
The expected trading range for today is between 22.70 support and 23.40 resistance.
The expected trend for today: Bullish
Gold price fluctuates around 2016.90 level and still above it until now, noticing that the EMA50 provides positive support to the price, while stochastic attempts to get rid of its negative momentum now.
Therefore, we believe that the chances still valid to continue the expected bullish trend on the intraday basis, which targets 2065.70 mainly, reminding you that breaking 2016.90 will stop the expected rise and push the price to resume the correctional bearish track again.
The expected trading range for today is between 2005.00 support and 2035.00 resistance.
The expected trend for today: Bullish
The USDCAD pair opens today’s trading with clear positivity to breach 1.3500 and close the last four hours’ candlestick above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, organized inside the bullish channel that appears on the chart, waiting to visit 1.3600 as a first target.
Moving above the EMA50 supports the continuation of the suggested bullish wave, which will remain valid conditioned by the price stability above 1.3460.
The expected trading range for today is between 1.3460 support and 1.3590 resistance.
The expected trend for today: Bullish