Crude Oil Price Analysis

Expected Scenario

• Crude oil price traded with clear positivity to move away from 77.64$ level and surpass the minor resistance 78.25$.
• The price settles above it, activating the positive scenario on the intraday basis and heading towards continuing the rise in the upcoming sessions.
• The target is to test 79.55$ as a next station, noting that breaching this level will extend the bullish wave to reach 81.50$ as a next main target.
• We are waiting for more expected rise for today, noting that breaking 77.64$ will stop the bullish trend and push the price to turn to decline.

Expected Trading Range

• Between 77.20$ support and 80.20$ resistance.

Silver Price Analysis

Expected Scenario

• Silver price begins today positively to breach 29.30 level and attempts to hold above it.
• We will depend on the last daily candlestick below this level to continue suggesting the bearish trend for the upcoming period, which targets 28.55$ as a next station.
• Consolidating above 29.30$ will push the price to achieve more gains in the upcoming sessions to test 30.06$ before any new attempt to decline.

Expected Trading Range

• Between 28.90$ support and 29.70$ resistance.

Gold Price Analysis

Expected Scenario

• The Gold price provided slight positive trades yesterday to move above the 2300.00$ level.
• The EMA50 keeps pressing negatively on the price, while stochastic overlaps negatively again.
• We believe that the chances are valid to resume the expected bearish trend on the intraday basis, with the next target at 2272.06$.
• Breaking 2340.10$ will stop the correctional bearish trend and lead the price to attempt to return to the main bullish track again.

Expected Trading Range

• Between 2290.00$ support and 2330.00$ resistance.

USDCAD Price Analysis

Expected Scenario

• The USDCAD price shows some slight bearish bias to move at 1.3750$, and stochastic continues to move at the oversold areas, while the EMA50 provides the positive support to the price.
• Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which depends on the price stability above 1.3690$, reminding you that our main waited target reaches 1.3845$.

Expected Trading Range

Between 1.3690$ support and 1.3830$ resistance