Crude oil price continued the bullish rally to surpass our first positive target at 75.85 and test the bearish channel’s resistance that appears on the chart, and we suggest the continuation of the rise to visit 77.86 as a next positive target, to keep the bullish bias suggested in the upcoming sessions.

Note that the technical indicators provide negative signals that might hinder the mission to rise, taking into consideration that failing to surpass the current resistance lines around 76.60 will stop the positive scenario and push the price to decline again.

The expected trading range for today is between 75.40 support and 78.40 resistance.

The expected trend for today: Bullish

Silver price bounced downwards clearly after attempting to surpass 24.00 barrier, to break 23.70 level and attempt to hold below it, to hint potential return to the bearish track, but we notice that stochastic shows positive signals that might 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 23.70 level, noting that holding below it will push the price to head towards 23.00 as a next negative station, while stepping above it will reactivate the bullish trend scenario that its next target located at 24.60.

The expected trading range for today is between 23.10 support and 24.00 resistance.

The expected trend for today: Neutral

Gold price tested the first key support base 1975.00 and keeps its stability above it, accompanied by witnessing clear positive signals through stochastic, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 2000.00 followed by 2009.30 levels as next main stations.

The EMA50 supports the price from below, reinforcing the expectations of continuing the bullish bias on the intraday basis, noting that breaking 1975.00 followed by 1962.35 levels will stop the positive scenario and push the price to return to the correctional bearish track again.

The expected trading range for today is between 1970.00 support and 2000.00 resistance.

The expected trend for today: Bullish

The USDCAD pair found difficulty to surpass 1.3755 level, to rebound bearishly and head towards the key support 1.3680, to face contradiction between the technical indicators that makes us prefer to stay aside until we get clearer signal for the next trend, through surpassing one of the mentioned levels.

Note that breaching 1.3755 resistance will lead the price to resume the main bullish track that its next target located at 1.3845, while breaking 1.3680 support represents negative factor that will push the price to turn to decline, to head towards testing 1.3620 level initially.

The expected trading range for today is between 1.3640 support and 1.3770 resistance.

The expected trend for today: Neutral