Crude oil price declined strongly yesterday to reach 73.73 areas, noticing that the price showed mixed trades and returned to move around 76.00 barrier, and we suggest resuming the bearish bias to achieve negative targets that start by testing 73.73 again, and extend to 72.80 after breaking the previous level.

Therefore, we expect to witness new negative trades in the upcoming sessions, supported by the negativity of the technical indicators, taking into consideration that breaching 77.86 will stop the expected decline and lead the price to start recovery attempts on the intraday and short-term basis.

The expected trading range for today is between 74.30 support and 77.30 resistance.

The expected trend for today: Bearish

Silver price faced clear negative pressure yesterday to break 23.70 level and settles below it, to hint heading to decline on the intraday basis, but we notice that the technical indicators provide positive signals that might assist to push the price to recover again.

Therefore, the contradiction between the technical indicators makes us prefer to stay aside until the price confirms its situation according to the mentioned level, noting that holding below it will push the price to decline towards 23.00 areas mainly, while breaching it represents the key to resume the bullish wave that targets 24.60 levels as a next main station.

The expected trading range for today is between 23.20 support and 24.10 resistance.

The expected trend for today: Neutral

Gold price traded with clear negativity yesterday to attack 1990.00$ barrier, reinforcing the expectations of continuing the bearish bias on the intraday basis, noting that the waited targets rise to 1984.00.

Breaking the mentioned level will extend the bearish wave to reach 1962.35 as a next negative station, taking into consideration that consolidating against the negative pressure will lead the price to resume the main bullish trend and head to test 2009.30 initially.

The expected trading range for today is between 1980.00 support and 2005.00 resistance.

The expected trend for today: Bearish temporarily

The USDCAD pair is testing 1.3680 support line now, which represents one of the trend keys besides 1.3740 resistance, and as we mentioned in our recent reports, the price needs to surpass one of these levels to detect the next targets clearly, which makes us continue with our neutrality until now.

Note that breaking the support will push the price to achieve negative targets that start at 1.3640 and extend to 1.3500 areas after breaking the previous level, while breaching the resistance represents positive factor that will push the price to resume the main bullish trend that its next targets located at 1.3840 followed by 1.3900.

The expected trading range for today is between 1.3610 support and 1.3760 resistance.

The expected trend for today: Neutral