The price of (Gold) settled with limited rise on its last intraday trading, with the emergence of negative overlapping signals on the (RSI), putting negative pressure on the price due to its neediness to offload some of this overbought condition, gathering the gains of its previous rises, which might push it for some of the correctional rebounds on the near-term basis, amid the dominance of the main bullish trend and its trading alongside a bias line.
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The price of (EURUSD) declined in its last intraday trading, gathering the gains of its previous rises, attempting to gain bullish momentum that might assist it to attack the critical resistance ay 1.1785, besides the price attempt to offload its clear overbought conditions on the (RSI), especially with the emergence of the negative signals, with the dominance of the bullish trend on the short-term basis and its trading alongside a supportive line for this trend.
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The coffee price confirmed the stability of the bullish track by providing several positive closes above the extra support at 370.20, activating the positivity of the main indicators by its rally to 384.65, confirming its readiness to resume the bullish attack.
We expect to attack 393.00 level, surpassing it is important to increase the chances for reaching extra stations that might extend to 424.10 reaching the achieved top at 440.00 level.
The expected trading range for today is between 375.00 and 424.10
Trend forecast: Bullish
Natural gas price ended the bullish correctional rally by testing the resistance at $3.210, then begin forming bearish waves, affected by the negativity of the indicators and providing negative momentum, to notice its stability near $3.100.
The continuation of facing negative pressures will confirm its surrender to the previously suggested scenario, to keep waiting for targeting $2.810 level, and breaking this barrier will extend the losses directly towards $2.620 reaching the next main target at $2.390.
The expected trading range for today is between $2.820 and $3.150
Trend forecast: Bearish