Crude oil price provided good positive trades after consolidating above 71.05, which supports the continuation of the expected bullish trend scenario on the intraday and short term basis, and the way is open to head towards our first target at 73.30, noting that breaching this level will extend the bullish wave to reach 75.00.

The EMA50 supports the suggested bullish wave, which will remain valid and active conditioned by the price stability above 71.05.

The expected trading range for today is between 71.05 support and 73.80 resistance.

The expected trend for today: Bullish

Silver price bounced bearishly after testing the EMA50, to keep the bearish trend active for the upcoming period, and the price gradually approaches our first waited target at 24.95, reminding you that breaking this level will extend the bearish wave to reach 23.75 as a next main target.

Holding below 25.65 represents major condition to continue the suggested bearish wave, as breaching it will lead the price to turn to rise and start recovery attempts on the intraday and short term basis.

The expected trading range for today is between 24.70 support and 25.65 resistance.

The expected trend for today: Bearish

Gold price attempts to break 1797.00 level, reinforcing the expectations of continuing the bearish trend, which gets continuous negative pressure by the EMA50, waiting to open the way to head towards 1770.00 that represents our next main target.

Therefore, we will keep our bearish overview for the upcoming period unless the price rallied to breach 1825.15 and hold above it.

The expected trading range for today is between 1775.00 support and 1815.00 resistance.

The expected trend for today: Bearish

The USDCAD pair managed to reach the bullish channel’s support line that appears on the chart and settles there, waiting to get clearer signal for the next trend, as breaking this support represents the key to extend the bearish wave towards 1.2410 as a next negative target, while consolidating above it will lead the price to resume the bullish track that its targets begin at 1.2650 and extend to 1.2805.

Therefore, we prefer to stay neutral until we get good signal for the next trend.

The expected trading range for today is between 1.2480 support and 1.2610 resistance.

The expected trend for today: Neutral