Gold fluctuated in recent intraday sessions with the attempts of offloading the oversold conditions of the relative strength indicators with the emergence of positive signals from them, besides its attempt to recover some previous losses, beside the dominance of the short-term main bearish trend, and its trading alongside main and minor bearish trend lines that support this path, with the continuation of the negative pressure that comes from its trading below EMA50, which prevents any sustainable recover attempt.

The EURUSD pair declined during its latest intraday trading session, as negative signals emerge from the relative strength indicators, with ongoing negative pressure due to its trading below EMA50, reducing the chances of its recovery on the near-term basis, especially with the dominance of the main bearish trend on the short-term basis, and its trading alongside supportive trend line for this path.

Following its recent bearish move, the coffee price touched the 242.40 level before forcing into sideways fluctuations, attempting to catch its breath and gather the additional negative momentum needed to resume bearish attempts in the near term.

If the price remains below the key resistance level at 275.80, with 257.00 acting as an additional barrier, these factors support expectations that the price will continue accumulating negative momentum. This would facilitate a move toward the next target at 233.40, followed by an attempt to pressure the support level near 221.00.

The expected trading range for today is between 233.40 and 255.00

Trend forecast: Bearish

There is no change in natural gas price trading, trading in sideways range while remaining near the $3.200 level. This behavior is influenced by the ongoing conflict among the main technical indicators during the recent period.

Noting that Stochastic attempt to exit the overbought zone could increase negative pressure on current trading, making it easier for the price to target negative levels at $2.950 and $2.800.

The price’s move to bullish trend requires a strong bullish rally to settle above $3.520 level, which allows it to record several gains by its gradual rally towards $3.710 and $3.950.

Expected trading range for today: Between $2.950 and $3.300

Today's price outlook: Bearish