Crude oil price succeeds to breach – Analysis - 30-05-2022
Crude oil price managed to breach 113.70 level and close the daily candlestick above it, starting today with clear positivity to move away from the mentioned level, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and the way is open to head towards our positive targets that start at 117.00 and extend to 119.35.
Holding above 113.70 is important to continue the expected rise, as breaking it will press on the price to turn to decline and achieve negative targets that start by testing 112.00 areas.
The expected trading range for today is between 113.70 support and 117.50 resistance.
The expected trend for today: Bullish
Silver price gathers the positive momentum - Analysis - 30-05-2022
Silver price shows positive trades now, to move away from 21.83 level, getting positive support by stochastic, while the EMA50 continues to carry the price from below.
Therefore, we are waiting for more bullish bias in the upcoming sessions, and the next target is located at 22.67, noting that holding above 21.83 and 21.60 levels is important to achieve the waited targets.
The expected trading range for today is between 21.80 support and 22.67 resistance.
The expected trend for today: Bullish
Gold price begins positively – Analysis - 30-05-2022
Gold price opens today’s trading with new rise after leaning on 1850.00 level, to resume the bullish wave that targets testing 1890.00 as a next main station, supported by stochastic and the EMA50 positivity.
Therefore, we are waiting for more bullish bias today, noting that breaking 1850.00 followed by 1838.10 levels will stop the expected rise and press on the price to return to decline again.
The expected trading range for today is between 1845.00 support and 1880.00 resistance.
The expected trend for today: Bullish
The USDCAD reaches the extended target – Analysis - 30-05-2022
The USDCAD pair provided clear negative trades to succeed reaching our extended target at 1.2695, settling there now, and we expect the continuation of the correctional bearish pressure to break this level and open the way to head towards 1.2605 as a next negative target.
Therefore, the bearish bias will remain dominant in the upcoming sessions unless the price rallied to breach 1.2770 and hold above it.
The expected trading range for today is between 1.2640 support and 1.2770 resistance.
The expected trend for today: Bearish