Crude oil price needs the positive momentum – Analysis - 11-12-2019
Crude oil price keeps fluctuating near 59.00 level, noticing that stochastic attempts to get rid of its negative momentum, waiting for getting enough positive momentum for resuming the main bullish trend, which organizes within the bullish channel that appears in the image, reminding you that our next main target at 60.90.
The EMA50 keeps supporting the suggested bullish wave, and its continuation requires holding above 57.40 level.
The expected trading range for today is between 58.00 support and 60.90 resistance.
The expected trend for today: Bullish
Silver price gets a negative signal – Analysis - 11-12-2019
Silver price keeps fluctuating in tight track, and its is under a continuous negative pressure that comes from the EMA50, while stochastic shows a negative signal now, therefore, we believe that the chaces are available for trading negatively in the upcoming sessions, waiting for visiting 16.33 level as a next main target, reminding you that holding below 16.96 is important for the continuation of expected decline.
The expected trading range for today is between 16.33 support and 16.75 resistance.
The expected trend for today: Bearish
No news for Gold price – Analysis - 11-12-2019
The tight range keeps controlling the Gold price’s trading, which moves within te minor bullish channel that forms a potential bearish continuation flag, noticing that stochastic provides a negative overlapping signal now, which forms a negative motive that we expect to assist to push the price to resume the bearish trend that its targets begin at 1447.00 and extend to 1413.10, while hodling below 1467.00 represents the initial condition for achieving the suggested targets.
The expected trading range for today is between 1445.00 support and 1470.00 resistance.
The expected trend for today: Bearish
The USDCAD is stable – Analysis - 11-12-2019
The USDCAD pair settles below 1.3240 level, and the EMA50 forms a continuous negative pressure on the price, to support the expectations for the bearish trend continuation, and its initial target at 1.3155.
Therefore, the bearish trend scenario will remain valid for today, reminding you that surpassing the targeted level will push the price to 1.3015 as a next main target, while holding below 1.3295 represents an important condition for the continuation of the expected decline.
The expected trading range for today is between 1.3150 support and 1.3290 resistance.
The expected trend for today: Overall Bearish