Crude oil price bounced downwards strongly after reaching 95.50 areas, to head towards potential visit to the minor bullish channel’s support line around 89.90, noting that breaking this level will push the price to achieve more bearish correction on the intraday and short-term basis.

Therefore, the bearish bias will be expected for today, taking into consideration that breaching 92.75 is considered as initial positive key to attempt to regain the main bullish trend again.

The expected trading range for today is between 90.40 support and 93.50 resistance.

The expected trend for today: Bearish

Silver price shows clear positive trades by today’s open to approach testing the key resistance 23.00, affected by stochastic positivity that loses its positive momentum and reach the thresholds of the overbought areas, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which targets testing 22.25 as a first station.

Therefore, the bearish trend scenario will remain valid and active, noting that breaching 23.00 will stop the expected decline and lead the price to turn to rise.

The expected trading range for today is between 22.30 support and 23.10 resistance.

The expected trend for today: Bearish

Gold price continued to decline to break 1873.50 and close the daily candlestick below it, as it succeeded to touch our new target at 1860.00, and we suggest the continuation of the decline to achieve additional negative targets that start at 1839.00 and extend to 1810.00.

Therefore, the bearish trend will remain valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 1873.50 will stop the expected decline and lead the price to start recovery attempts on the intraday basis.

The expected trading range for today is between 1845.00 support and 1880.00 resistance.

The expected trend for today: Bearish

The USDCAD pair begins to provide negative trades now, to press on the key support 1.3480, which makes us stay aside until we get clearer signal for the next trend, through breaking the mentioned support or breaching 1.3520 resistance.

Note that breaking the support will push the price to return to the bearish track and head towards 1.3400 followed by 1.3359 areas as next main stations, while breaching the resistance represents the key to resume the bullish wave that its next main target located at 1.3585.

The expected trading range for today is between 1.3410 support and 1.3560 resistance.

The expected trend for today: Neutral