Crude oil price faced negative pressure yesterday to reach the key support 68.64$ again, and the price needs to consolidate above this level to keep the bullish trend scenario active for the upcoming period, which its targets begin by testing 70.58$, reminding you that breaching this level will push the price towards 72.15$ direct.

On the other hand, we should note that breaking 68.64$ will stop the expected rise and push the price to suffer new losses that start by targeting 67.50$ and extend to 65.50$ areas.

The expected trading range for today is between 68.00$ support and 71.00$ resistance

Trend forecast: Bullish

Silver price continued to decline to approach 30.63$ level, noticing that stochastic gained the positive momentum and overlaps positively now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its targets begin by testing 31.63$.

Note that breaching the mentioned level will extend the bullish wave to reach 32.25$ followed by 32.86$ levels, while breaking 30.63$ will stop the bullish wave and push the price to turn to decline.

The expected trading range for today is between 30.70$ support and 31.63$ resistance.

Trend forecast: Bullish

Gold price traded positively yesterday to succeed achieving our first waited target at 2655.00$, waiting for more rise to achieve additional gains that reach 2710.00$, supported by moving above the EMA50.

Therefore, the bearish trend will remain valid on the intraday basis, noting that breaking 2620.00$ will put the price under negative pressure that its targets begin at 2560.00$ and extend to 2513.10$.

The expected trading range for today is between 2640.00$ support and 2675.00$ resistance.

Trend forecast: Bullish

The USDCAD price provided positive trades yesterday to breach 1.3985$, but it returns to decline and move below the bullish channel’s support line again, which keeps the correctional bearish scenario valid on the intraday basis, waiting to break 1.3945$ to open the way to rally towards 1.3845$ as a next correctional target.

Stochastic overlaps negatively now to reinforce the expectations to decline in the upcoming sessions, which will remain valid conditioned by the price stability below 1.3985$.

The expected trading range for today is between 1.3900$ support and 1.4020$ resistance

Trend forecast: Bearish