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Crude oil price suffers more losses – Analysis - 15-03-2023
Crude oil price continued to decline strongly to reach the thresholds of the waited extended target at 70.30, and attempts to recover to show some bullish bias and settles around 72.25 now, affected by stochastic positivity, waiting to resume the negative trading and surpass the mentioned target to open the way to achieve additional negative targets that reach 68.50.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 73.60 will stop the current negative pressure and push the price to achieve additional gains and test 75.64 areas before any new attempt to decline.
The expected trading range for today is between 70.30 support and 73.75 resistance.
The expected trend for today: Bearish
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Silver price attempts positively - Analysis - 15-03-2023
Silver price resumes its positive trading to gradually approach our waited target at 22.13, getting continuous positive support by the EMA50, to reinforce the chances of continuing the rise and surpassing the mentioned level to achieve additional gains that reach 23.05.
MoreGold price within positive pattern – Analysis - 15-03-2023
Gold price’s recent trades are confined within bullish pennant pattern that its signs appear on the chart, thus, breaching 1911.80 will activate the positive effect of this pattern and push the price to resume the bullish wave that targets 1928.60 followed by 1960.00 levels mainly.
MoreThe USDCAD breaks the support – Analysis - 15-03-2023
The USDCAD pair faced negative pressure yesterday to attack the key support 1.3680, starting today with new negativity to move below this level, which stops the recently suggested positive scenario to head towards turning to decline on the intraday basis, paving the way to achieve negative targets that start at 1.3560 followed by 1.3500.
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