Crude oil price closed last Friday below 77.24$ level, to get negative motive that supports the chances of continuing the domination of the bearish trend in the upcoming sessions, noticing that the price begins today with bullish gap that put the price above this level, but it begins to decline now to head towards testing the mentioned level again, waiting to break this level to open the way to head towards 75.50$ as a next negative target.

Therefore, we expect to witness negative trades in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 78.66$ will stop the suggested decline and lead the price to recover again.

The expected trading range for today is between 76.00$ support and 79.00$ resistance

Trend forecast: Bearish

Silver price fluctuates within sideways range in the previous sessions, moving within bearish channel that supports the chances of continue the bearish trend in the upcoming sessions, waiting to break 27.62$ to confirm rallying towards 27.00$ followed by 26.12$.

On the other hand, we notice that the price completed forming double top pattern that supports the chances of achieving more decline on the short-term and medium-term basis, to keep the bearish trend dominant in the upcoming period conditioned by the price stability below 28.55$.

The expected trading range for today is between 27.40$ support and 28.20$ resistance.

Trend forecast: Bearish

Gold price is testing the key resistance 2394.00$, and the EMA50 meets this resistance to add more strength to it, besides the negative signals provided by stochastic, which might push the price to decline and test the main support that rises now to 2366.40$, to keep the price confined between these levels and continue with our neutrality until the price manages to surpass one of them to detect the next destination clearly.

Note that breaching the mentioned resistance will cancel the previously completed double top pattern and lead the price to resume the main bullish trend again, to head towards achieving gains that start at 2450.00$ and extend to 2483.40$, while breaking the support represents the key to achieve bearish correction that its targets begin at 2324.55$.

The expected trading range for today is between 2375.00$ support and 2415.00$ resistance.

Trend forecast: Neutral

The USDCAD price tested 1.3845$ and finds solid resistance there, waiting to get positive motive that assist to push the price to breach this level and open the way to rally towards our next positive target that reaches 1.3977$.

Therefore, we will continue to suggest the bullish trend for the upcoming period, reminding you that breaking 1.3790$ will put the price under negative pressure and might head to visit 1.3690$ areas before any new attempt to rise.

The expected trading range for today is between 1.3760$ support and 1.3900$ resistance.

Trend forecast: Bullish