Crude oil price begins today with slight bearish bias, to press on the minor bullish channel’s support, while the EMA50 keeps providing positive support for the price, to protect the suggested positive scenario in our last reports, which targets 36.50 level as a next main station.

Therefore, we will keep preferring the bullish trend for today, being aware that breaking 32.65 will stop the suggested bullish trend and presses on the price to begin a bearish correction on the intraday basis.

The expected trading range for today is between 32.30 support and 36.00 resistance.

The expected trend for today: Bullish

Silver price traded with a clear negativity to attack 17.11 level, but it attempts to settle above this level, to notice that the EMA50 provides  a continuous positive support for the price, while stochastic begins to overlap positively.

Therefore, we will keep our bullish trend expectations in the upcoming period, conditioned by the stability of the daily close above 17.11, reminding you that our waited targets begin at 18.45 and extend to 18.93.

The expected trading range for today is between 16.90 support and 17.50 resistance.

The expected trend for today: Bullish

Gold price continued its negative pressure yesterday to break 1725.90 level, and it moves below the EMA50, which puts it under more of potential negative pressure, on the other hand, we notice that the price closed the daily candlestick above the mentioned level, getting positive signals from stochastic.

Therefore, this contradiction between the technical factors make us stay aside until getting a clearer signal for the next trend, pointing that confirming breaking 1725.90 will put the price under a bearish correctional pressure that targets 1691.10 level as an initial station, while breaching 1743.00 will return the price to the main bullish channel and pushes it to achieve positive targets that begin by surpassing 1764.00 level to open the way towads 1810.00.

The expected trading range for today is between 1710.00 support and 1750.00 resistance.

The expected trend for today: Depends on the above mentioned levels

The USDCAD pair shows sideways trading recently, and it tests the EMA50 now, accompanied with stochastic enter to the oversold levels, waiting for motivating the price to resume the expected bearish trend in the upcoming period, targeting testing 1.3813 level initially.

On other hand, you should be aware that the price rally to breach 1.4015 level and holding above it will stop the negative scenario and leads the price to achieve positive targets that begins at 1.4264.

The expected trading range for today is between 1.3850 support and 1.4015 resistance.

The expected trend for today: Bearish