Crude oil price’s sharp decline stopped at 76.4% Fibonacci correction level exectly at 67.39, and bounced bullishly in attempt to recover and cover some losses that it suffered on last Friday, but we believe that the price will resume the bearish track to test the mentioned level again and attempt to break it and open the way to head towards the previously recorded low areas at 61.83.

Therefore, the bearish trend will be suggested for today, noting that breaching 73.60 will stop the expected decline and lead the price to achieve more gains and attempt to regain the main bullish trend again.

The expected trading range for today is between 69.00 support and 73.00 resistance.

The expected trend for today: Bearish

Silver price succeeded to touch our first waited target at 23.15 and found solid support there, to show some temporary bullish bias, and we expect to resume the bearish bias to break this level and open the way to visit 22.20 as a next negative station.

The EMA50 supports the expected decline, taking into consideration that failing to break 23.15 will push the price to achieve intraday gains and test 24.20 areas before any new attempt to decline.

The expected trading range for today is between 22.80 support and 23.70 resistance.

The expected trend for today: Bearish

Gold price ended last Friday below 1797.00 level, to reactivate the bearish trend scenario, waiting to visit 1770.00 as a first negative target.

The EMA50 forms strong negative pressure that supports the continuation of the expected decline, noting that breaking the targeted level will extend the bearish wave to reach 1735.00 as a next station, while breaching 1797.00 represents the key to start new recovery attempts that target testing 1825.15. areas initially.

The expected trading range for today is between 1770.00 support and 1810.00 resistance.

The expected trend for today: Bearish

The USDCAD pair succeeded to breach 1.2725 and hold above it, to build good support base that supports the continuation of the main bullish trend, which its next target located at 1.2950.

The EMA50 keeps supporting the suggested bullish wave, noting that breaking 1.2725 will put the price under intraday negative pressure that targets testing 1.2590 areas before any new attempt to rise.

The expected trading range for today is between 1.2680 support and 1.2820 resistance.

The expected trend for today: Bullish