Crude oil price suffered strong losses yesterday and ended sessions below 78.20, to return to the main bearish channel and head towards resuming the main bearish trend, affected by the double top pattern that its signs appear on the chart, on its ways to achieve negative targets that start at 76.30 followed by 75.00.

Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 78.20 will motivate the price to start correctional bullish attempts and head to test 80.00 followed by 81.00 areas initially.

The expected trading range for today is between 75.50 support and 79.00 resistance.

The expected trend for today: Bearish

Silver price faced strong negative pressure yesterday to break 22.86 and reach the support base formed above 22.24, as it leaned on this level to start recovering now, which hints heading to resume the main bullish trend, on its ways to achieve positive targets that start at 22.86 and extend to 23.36.

Therefore, the bullish bias will be expected for today unless breaking 22.24, as breaking it will press on the price to continue the decline and head to visit the bullish channel’s support line around 21.50 before any new attempt to rise.

The expected trading range for today is between 22.00 support and 23.00 resistance.

The expected trend for today: Bullish

Gold price’s decline stopped at 23.6% Fibonacci correction level for the rise measured from 1616.65 to 1810.00, to start today with bullish bias and attempt to regain the main bullish trend, accompanied by witnessing clear positive signals through stochastic, which encourages us to suggest the bullish bias in the upcoming session and head to achieve gains that start at 1800.00 followed by 1810.00.

Breaching 1777.00 will ease the mission of achieving the suggested targets, noting that breaking 1764.40 will stop the expected rise and press on the price to suffer more losses.

The expected trading range for today is between 1760.00 support and 1795.00 resistance.

The expected trend for today: Bullish

The USDCAD pair traded with strong positivity yesterday to breach 1.3500 and settles near 1.3600 barrier, to head towards achieving more expected gains in the upcoming sessions, on its ways to visit 1.3680 as a next main target.

The EMA50 supports the expected rise, which will remain valid as long as 1.3500 level remains intact.

The expected trading range for today is between 1.3500 support and 1.3670 resistance.

The expected trend for today: Bullish