Crude oil price confirmed breaching 73.70$ and provided clear positive trades yesterday, to reach 75.00$ barrier, which pushes the price to achieve more expected gains on the intraday and short-term basis, noting that the expected targets begin at 75.65$ and extend to 76.45$ after surpassing the previous level.

The bullish channel organizes the suggested bullish wave, which will remain valid unless breaking 73.70$ and holding with a daily close below it.

The expected trading range for today is between 73.45$ support and 76.45$ resistance

Trend forecast: Bullish

Silver price surpassed 30.00$ barrier and settled above it, and by taking a deeper look at the chart, we find that the price completed forming double bottom pattern that has positive targets that surpass 30.63$ to reach 31.63$.

Therefore, we expect the continuation of the bullish trend on the intraday and short-term basis, supported by stochastic approach to the oversold areas, noting that breaking 29.63$ will stop the positive scenario and push the price to turn to decline.

The expected trading range for today is between 29.70$ support and 30.60$ resistance.

Trend forecast: Bullish

Gold price ended yesterday with clear positivity to confirm breaching 2640.00$ and holding above it again, to reactivate the positive effect of the double bottom pattern and head towards testing 2700.00$ as a first target, supported by moving above the EMA50.

Therefore, we are waiting for more rise in the upcoming sessions, taking into consideration that breaking 2640.00$ will stop the bullish wave and put the price under negative pressure that its targets begin by visiting 2600.00$ barrier.

The expected trading range for today is between 2630.00$ support and 2670.00$ resistance.

Trend forecast: Bullish

The USDCAD price provided positive trades to attempt to move above 1.4350$ again, noticing that the EMA50 forms good negative pressure against the price, accompanied by stochastic loss to the positive momentum clearly.

Therefore, these factors encourage us to keep our bearish overview on the intraday basis, noting that our waited targets are located at 1.4260$ and might extend to 1.4220$, while failing to consolidate below 1.4350$ might push the price to achieve intraday gains and visit 1.4467$ as a first positive station.

The expected trading range for today is between 1.4275$ support and 1.4400$ resistance

Trend forecast: Bearish