Crude oil price tests the support base – Analysis - 25-06-2019
Crude oil price tests the key support base 57.33 now, and as we mentioned in our recent reports, the price needs to hold above this level to keep the bullish trend scenario active in the upcoming period, as breaking it will press on the price to decline towards areas that start at 55.50 and extend to 54.47.
Stochastic and the EMA50 provide positive signals that support the chances of resuming the bullish trend in the upcoming sessions, reminding you that the main waited targets begin at 59.70 and extend to 60.86.
The expected trading range for today is between 56.00 support and 59.50 resistance.
The expected trend for today: Bullish
Silver price needs a positive motive – Analysis - 25-06-2019
Silver price trades with calm positivity to approach gradually from our waited target at 15.62, and the price continues to move inside the bullish channel that supports the chances of extending the bullish wave on the short term basis, to suggest breaching the mentioned level and head towards 16.00 as a next main station.
Therefore, the bullish trend will remain valid and active in the upcoming period conditioned by the price stability above 15.23.
The expected trading range for today is between 15.30 support and 15.65 resistance.
The expected trend for today: Bullish
Gold price achieves the extended target – Analysis - 25-06-2019
Gold price rallies upwards strongly to succeed reaching our waited target at 1433.60, showing more bullish bias by today’s opening to hint the continuation of the bullish trend domination on the intraday and short term basis, noting that the next target extends to reach 1477.00 areas.
The EMA50 continues to support the suggested bullish wave, waiting for more rise in the upcoming sessions conditioned by the price stability above 1420.00, as breaking this level will press on the price to start bearish correction on the intraday basis before resuming the expected rise.
The expected trading range for today is between 1415.00 support and 1455.00 resistance.
The expected trend for today: Bullish
No news for the USDCAD – Analysis - 25-06-2019
The USDCAD pair did not show any strong move since yesterday, to continue fluctuating near 1.3200 barrier, settling below it, thus, no change to the bearish trend scenario that depends on the price stability below 1.3286, while its main targets located at 1.3130 and extend to 1.3050.
The expected trading range for today is between 1.3100 support and 1.3250 resistance.
The expected trend for today: Bearish