Crude oil price hovers around the key resistance 40.41 without managing to breach it, to remain confined between this resistance and the support line that rises now to 38.60, thus, we will continue with our neutrality until the price manages to confirm surpassing one of these levels to detect the next targets clearly.
We remind you that breaching the resistance will lead the price to continue the main bullish trend and achieve positive targets that start at 43.05, while breaking the support will push the price to decline and visit 36.10 level as a first negative station.
The expected trading range for today is between 39.00 support and 41.60 resistance.
The expected trend for today: Neutral
Silver price continues to fluctuate near the EMA50, keeping its stability above it, thus, our bullish overview will remain valid for the upcoming period, which targets breaching 18.38 to confirm extending the bullish wave towards 18.93, reminding you that it is important to hold above 17.70 to continue the suggested rise.
The expected trading range for today is between 17.80 support and 18.40 resistance.
The expected trend for today: Bullish
Gold price keeps moving around the intraday bullish channel’s support line, getting continuous positive support by the EMA50, waiting to get enough positive momentum to push the price to resume the main bullish wave, which targets 1800.00 followed by 1850.00 levels.
Therefore, we will keep our bullish overview conditioned by the price stability above 1770.00 and the most important above 1750.00.
The expected trading range for today is between 1760.00 support and 1800.00 resistance.
The expected trend for today: Bullish
The USDCAD pair begins to decline after testing 1.3612 level in the previous sessions, to keep the bearish trend scenario valid and active for the upcoming sessions, supported by the negative pressure formed by the EMA50, waiting to head towards 1.3500 followed by 1.3362 levels as next main targets.
On the other hand, we should note that breaching 1.3612 followed by 1.3655 levels will stop the suggested decline and leads the price to turn to rise.
The expected trading range for today is between 1.3470 support and 1.3612 resistance.
The expected trend for today: Bearish