Crude oil price managed to touch our first target at 74.00 and bounced bearishly from there to test the intraday bullish channel’s support line that appears on the chart, noticing that stochastic got rid of its negativity to show oversold signals now, which supports the chances of resuming the expected bullish trend on the intraday and short term basis, which its targets extend to 75.55.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 72.50 and holding below it.

The expected trading range for today is between 72.00 support and 75.00 resistance.

The expected trend for today: Bullish

Silver price tested the key resistance 26.25 and bounced bearishly from there, to keep the bearish trend active in the upcoming sessions, which its targets begin by breaking 25.65 to confirm heading towards 24.95 as a next negative station.

The EMA50 keeps supporting the expected decline, noting that breaching 26.25 followed by 26.80 levels will stop the negative scenario and lead the price to regain the main bullish trend again.

The expected trading range for today is between 25.30 support and 26.25 resistance.

The expected trend for today: Bearish

Gold price rose yesterday to approach 1800.00 level, and bounced bearishly to settle around 1775.00, which keeps the bearish trend scenario valid and active for the upcoming period, waiting to break 1770.00 to confirm the continuation of the bearish trend that targets 1734.10 as a next main station.

The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 1800.00 and hold above it.

The expected trading range for today is between 1755.00 support and 1790.00 resistance.

The expected trend for today: Bearish

The USDCAD pair managed to achieve our first waited target at 1.2260 and bounced bullishly to test the main bearish channel’s resistance, accompanied by stochastic loss to the positive momentum, waiting to motivate the price to resume the bearish trend that its next target located at 1.2165.

Therefore, our bearish overview will remain valid and active unless breaching 1.2330 followed by 1.2410 levels and holding above them.

The expected trading range for today is between 1.2330 support and 1.2350 resistance.

The expected trend for today: Bearish