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Crude oil price resumes rising – Analysis - 21-05-2020
Crude oil price provided a caler positive trading and approaching from 34.00 barrier, to support the continuation of the expected bullish trend scenario on the intraday and short term basis,pointing that the bullish channel that has positive targets that extend to 36.50.
Therefore, we keep preferring the bullish trend in the upcoming period, supported by the EMA50, being aware that breaking 32.60 might push the price to test important support levels that begin at 32.05 then 31.35 before any attempt for the price rise.
The expected trading range for today is between 32.00 support and 36.00 resistance.
The expected trend for today: Bullish
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Silver price rises calmly – Analysis - 21-05-2020
Silver price provided calm positive trading yesterday in attempt to move away from 17.11, reinforcing the expectations by the bullish trend continuation in the upcoming sessions, which moves within the bullish channel that appears in the image, waiting for achieving our positive targets that begin at 18.45 and extend to 18.93.
MoreGold price is stable – Analysis - 21-05-2020
Gold price didn’t show any strong move yesterday, to stay stable near 1750.00, therefore, there is no change of the bullish trend scenario that gets a continuous support from the EMA50, organized within the bullish channel that appears in the above chart, waiting for resuming the bullish bias that targets 1805.00 level mainly.
MoreThe USDCAD declines again – Analysis - 21-05-2020
The USDCAD pair provided negative trading to approach from the horizontal support that appears in the image, reinforcing the expectations for the continuation of the bearish trend in the upcoming sessions, and its targets begin at 1.3813.
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