Crude oil price tests the bullish channel’s support line now, noticing that stochastic reaches the oversold areas, waiting to motivate the price to resume the main bullish trend, which targets 84.75 followed by 87.50 levels as next main stations.

The EMA50 continues to support the suggested bullish wave, and breaching 83.35 will ease the mission of rallying towards the waited targets, while breaking 81.70 followed by 81.00 levels will stop the expected rise and press on the price to start bearish correction for the rise that started from 64.19 areas.

The expected trading range for today is between 81.00 support and 84.00 resistance.

The expected trend for today: Bullish

Silver prices provided additional positive trades to reach the thresholds of the second waited target at 26.05, starting today with slight bearish bias affected by stochastic negativity, waiting to get positive motive that assists to push the price to resume the bullish wave that its targets extend to reach 26.95 areas.

Therefore, we will continue to suggest the bullish trend for the upcoming period, organized inside the bullish channel that appears on the chart, noting that breaking 25.30 will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 25.50 support and 26.40 resistance.

The expected trend for today: Bullish

Gold price ended yesterday above 2040.00 level, to reinforce the expectations of continuing the bullish trend on the intraday and short term basis, which targets 2074.85 as a next main station.

Stochastic current negativity might cause some sideways fluctuation and temporary decline before turning back to rise again, noting that the bullish channel continues to organize the suggested bullish wave, which will remain valid unless breaking 2013.00 level and holding with a daily close below it, as breaking this level will press on the price to achieve some bearish correction before resuming the main bullish wave.

The expected trading range for today is between 2025.00 support and 2060.00 resistance.

The expected trend for today: Bullish

The USDCAD pair succeeded to achieve our waited target at 1.3350 and broke it to close the daily candlestick below it, opening the way to continue the bearish wave on the short term and medium term basis, noting that our next target reaches 1.3250.

Therefore, we are waiting for more expected decline in the upcoming sessions, organized inside the bearish channel that appears on the chart, noting that breaching 1.3350 is considered as initial key to start recovery attempts and build bullish wave on the intraday basis.

The expected trading range for today is between 1.3250 support and 1.3400 resistance.

The expected trend for today: Bearish