Crude oil price bounced downwards after testing the key resistance 78.70, which represents one of the next trend keys besides 77.30 support, and we still waiting to surpass one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.

We remind you that breaking the mentioned support will reactivate the negative effect of the double top pattern followed by achieving new bearish correction that its next targets reach 76.15 and 75.00, while breaching the resistance will lead the price to attempt to regain the main bullish trend and achieve positive targets that start at 80.05 followed by 80.95.

The expected trading range for today is between 76.30 support and 80.00 resistance

Trend forecast: Neutral

Silver price touched 24.60 level and bounced downwards strongly from there, to test 24.00$ barrier, noticing that the price begins today with bullish bias in attempt to resume the expected bullish trend on the intraday basis, waiting to breach the mentioned level to open the way to visit 25.00 followed by 25.50 levels as next positive targets.

The technical indicators provide positive signals that support the continuation of the expected bullish trend, noting that breaking 24.10 and holding below it will push the price to decline towards 23.70 before any new attempt to rise.

The expected trading range for today is between 23.90 support and 24.70 resistance.

Trend forecast: Bullish

Gold price’s decline stopped at 2150.00 level, to start providing positive trades that hint heading to resume the main bullish trend, motivated by the positive overlapping signal provided by stochastic now, waiting to head towards our next main target at 2200.00.

The EMA50 keeps supporting the suggested bullish wave, noting that breaking 2144.60 will stop the expected rise and push the price to achieve bearish correction that its first target reaches 2114.55 areas.

The expected trading range for today is between 2145.00 support and 2180.00 resistance.

Trend forecast: Bullish

The USDCAD price attempted to breach 1.3505 level but it ended yesterday below it, to keep the correctional bearish scenario active, waiting to visit 1.3445 as a first station, which breaking it represents the key to rally towards 1.3392 followed by 1.3342 levels as next negative targets.

The EMA50 meets 1.3505 level to add more strength to it and protect the suggested negative scenario, which will remain valid conditioned by the price stability below the mentioned level.

The expected trading range for today is between 1.3400 support and 1.3530 resistance.

Trend forecast: Bearish