Crude oil price bounced bearishly after testing 75.00$ in the previous sessions, and begins today with more decline to surpass 74.00$ barrier and confirm the continuation of the bearish trend domination on the intraday and short-term basis, and the way is open to achieve our next negative targets that start at 72.85$ and extend to 72.05$.

The negative pressure formed by the EMA50 supports the continuation of the suggested bearish wave, noting that breaching 75.00$ will stop the negative scenario and lead the price to build bullish wave that targets 76.86$ areas mainly.

The expected trading range for today is between 72.04$ support and 75.00$ resistance

Trend forecast: Bearish

Silver price faced negative pressure after approaching 30.06$ level, to test the key support 29.30$ and consolidate above it, noticing that the price begins today with bullish bias to head towards resuming the expected bullish trend on the intraday and short term basis, which its targets begin at 30.06$ and extend to 31.00$ after breaching the previous level.

Stochastic gains the positive momentum clearly to support the expectations to rise, noting that breaking 29.30$ will stop the bullish wave and push the price to turn to decline.

The expected trading range for today is between 29.30$ support and 30.06$ resistance.

Trend forecast: Bullish

Gold price returns to provide positive trades after the decline that it witnessed in the previous sessions, to support the expectations of continuing the main bullish trend, waiting to test 2540.00$ as a next positive station, noting that breaching this level will open the way to head to visit 2600.00$ barrier on the near-term basis.

Stochastic gets rid of its negative momentum clearly, waiting to motivate the price to continue the rise and achieve the suggested targets, reminding you that the continuation of the bullish wave requires holding above 2483.40$.

The expected trading range for today is between 2500.00$ support and 2545.00$ resistance.

Trend forecast: Bullish

The USDCAD price shows new negative trades to move away from 1.3653$ level, reinforcing the expectations of continuing the correctional bearish trend, and the way is open to achieve our next target at 1.3562$, noting that breaking this level will push the price to visit 61.8% Fibonacci correction level at 1.3470$.

The EMA50 supports the suggested bearish wave, which will remain valid unless breaching 1.3653$ and holding above it.

The expected trading range for today is between 1.3550$ support and 1.3680$ resistance.

Trend forecast: Bearish