Crude oil price suffers new losses – Analysis - 22-06-2022
Crude oil price begins today with sharp decline to break 109.15 and reach 104.60 level direct, and we expect the continuation of the negative pressure to break this level and open the way to achieve additional negative targets that reach 101.50 followed by 98.95 levels.
Therefore, the bearish bias will be suggested for today, organized inside the bearish channel that appears on the chart, taking into consideration that the consolidation of 104.60 level against the current negative pressure will stop the expected decline and lead the price to recover again.
The expected trading range for today is between 102.00 support and 107.50 resistance.
The expected trend for today: Bearish
Silver price breaks the support - Analysis - 22-06-2022
Silver price opened today’s trading with clear negativity to break 21.45 level an settles below it, which stops the recently suggested positive scenario and press on the price to turn to decline, and we expect heading to visit 20.95 followed by 20.50 levels as next main stations.
The EMA50 supports the expected decline, which will remain valid unless the price rallied to breach 21.85 followed by 22.00 levels and hold above them.
The expected trading range for today is between 21.00 support and 21.70 resistance.
The expected trend for today: Bearish
Gold price under the negative pressure – Analysis - 22-06-2022
Gold price trades negatively to break 1830.00 level and settles below it now, which puts the price under expected negative pressure in the upcoming sessions, on its way to visit 1810.00 followed by 1780.25 levels as main negative targets.
Therefore, the bearish bias will be suggested for today supported by the negative pressure formed by the EMA50, taking into consideration that breaching 1838.10 followed by 1850.00 levels will stop the negative scenario and lead the price to recover again.
The expected trading range for today is between 1800.00 support and 1840.00 resistance.
The expected trend for today: Bearish
The USDCAD consolidates above the support – Analysis - 22-06-2022
The USDCAD pair opened today’s trading with strong positivity to breach 1.2930 and settles above it, paving the way to return to rise, to head towards achieving positive targets that start at 1.3010 followed by 1.3076.
Therefore, the bullish bias will be suggested in the upcoming sessions supported by stochastic and the EMA50 positivity, noting that breaking 1.2930 will stop the positive scenario and press on the price to decline.
The expected trading range for today is between 1.2910 support and 1.3040 resistance.
The expected trend for today: Bullish