Crude oil price confirmed breaching 65.60 level and settles above 66.00 barrier now, which support the continuation of our bullish overview efficiently for the upcoming period, opening the way to head towards our next station that reach 67.95.

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50, noting that holding above 65.60 represents initial condition to continue the suggested bullish wave.

The expected trading range for today is between 65.00 support and 67.95 resistance.

The expected trend for today: Bullish

Silver price broke the intraday bullish channel’s support line and settled below it, which push the price to achieve expected decline in the upcoming sessions, on its way to test 25.50 before attempting to resume the main bullish trend again.

Holding below 26.55 will keep the suggested negative scenario valid, as breaching it will push the price back to the bullish track followed by heading towards our next main positive station that reaches 27.80.

The expected trading range for today is between 25.80 support and 26.80 resistance.

The expected trend for today: Bearish temporarily

Gold price eneded yesterday with strong negativity and settled below 1785.00 level, which put the price under more expected negative pressure on the intraday basis, targeting testing 1765.00 level in the upcoming sessions, noting that the expected decline is temporary, waiting to rebound bullishly to resume the main bullish trend again.

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 1785.00 will stop the suggested negative scenario and push the price to rise again, while breaking 1765.00 represents negative factor that will press on the price to suffer more losses on the intraday and short term basis.

The expected trading range for today is between 1760.00 support and 1795.00 resistance.

The expected trend for today: Bearish temporarily

The USDCAD pair provided positive trades yesterday to approach testing the key resistance 1.2365, noticing that the EMA50 formed good resistance to force the price to rebound bearishly again, which keep the bearish trend scenario active for the upcoming period, supported by stochastic negativity.

Our next main target is located at 1.2210, reminding you that it is important to hold below 1.2365 to continue the expected decline.

The expected trading range for today is between 1.2230 support and 1.2365 resistance.

The expected trend for today: Bearish