Crude oil price managed to touch 81.60 level and faces solid resistance there, to show some temporary slight bearish bias, waiting to get positive momentum that assists to push the price to surpass the mentioned level and achieve new gains that extend to 82.70 followed by 84.25.

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 failing to breach 81.60 will press on the price to test 79.50 – 78.90 levels before any new positive attempt.

The expected trading range for today is between 79.50 support and 83.00 resistance.

The expected trend for today: Bullish

Silver price resumes its positive trading by today’s open to surpass the resistance line that appears on the chart, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, on its way to test 24.55 as a next positive station.

The EMA50 supports the expected rise, noting that it is important to hold above 23.80 as a first condition to continue the bullish trend.

The expected trading range for today is between 23.70 support and 24.65 resistance.

The expected trend for today: Bullish

Gold price keeps its stability above 1928.60, noticing that stochastic overlaps positively now, waiting to motivate the price to resume the bullish wave that its next target located at 1950.00.

Therefore, our bullish overview will remain valid for the upcoming period, supported by the EMA50 that continues to carry the price from below, noting that failing to consolidate above 1928.60 will press on the price to test 1900.00 and might extend to 1885.00 areas before any new attempt to rise.

The expected trading range for today is between 1915.00 support and 1950.00 resistance.

The expected trend for today: Bullish

The USDCAD pair traded with strong negativity in the previous sessions to succeed reaching our waited target at 1.3350, and we suggest surpassing this level to achieve more decline that its next main target reaches 1.3205.

Therefore, the bearish trend scenario will remain valid and active, supported by the negative pressure formed by the EMA50, noting that failing to break 1.3350 will push the price to test 1.3500 areas again before any new attempt to decline.

The expected trading range for today is between 1.3290 support and 1.3440 resistance.

The expected trend for today: Bearish