Crude oil price resumes rising – Analysis - 26-06-2019
Crude oil price traded with strong positivity on yesterday’s evening to move away from 57.33, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, apopraching our first waited target at 59.70 now, waiting to surpass this level to confirm visiting our next main target at 60.86.
Therefore, the bullish trend will remain suggested in the upcoming sessions, organized inside the bullish channel that appears on the chart, reminding you that holding above 57.33 represents key condition to continue the suggested rise.
The expected trading range for today is between 57.50 support and 60.86 resistance.
The expected trend for today: Bullish
Silver price attacks the support – Analysis - 26-06-2019
Silver price trades with clear negativity by today’s opening to attack 15.23 level and moves below it now, witnessing signs of double top pattern that appears on the chart, which hints the price head to achieve more expected decline in the upcoming sessions.
Therefore, we suggest the continuation of the bearish bias for today unless the price managed to trade above 15.23 level again, noting that the expected negative targets begin at 15.00 and extend to 14.73.
The expected trading range for today is between 14.95 support and 15.30 resistance.
The expected trend for today: Bearish
Gold price begins a bearish correction – Analysis - 26-06-2019
Gold price begins today’s trading with strong negativity to break 1420.00 and settles below it, which opens the way to start bearish correction for the bullish wave measured from 1275.00 to 1438.90, and the price approaches testing 23.6% Fibonacci correction level at 1400.20.
Therefore, we suggest the continuation of the bearish trend domination in the upcoming sessions, and breaking the above mentioned level will extend the bearish wave to reach 1376.30 as a next station, while the expected decline will remain valid unless the price managed to breach 1411.00 – 1420.00 levels and holding above them.
The expected trading range for today is between 1380.00 support and 1420.00 resistance.
The expected trend for today: Bearish
The USDCAD within tight track – Analysis - 26-06-2019
The tight range continues to dominate the USDCAD pair’s trading, which keeps fluctuating around 1.3200, thus, our bearish overview will remain valid as it is without any change, which targets 1.3130 followed by 1.3050 levels as next main stations, reminding you that the continuation of the expected decline conditions holding below 1.3286.
The expected trading range for today is between 1.3100 support and 1.3250 resistance.
The expected trend for today: Bearish