Gold declined in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels, with a negative pressure due to its trading below EMA50, which represents a dynamic resistance that reduces the chances of full recovery in the near upcoming period.

The EURUSD pair surged higher in its last intraday trading, taking advantage of the stability of 1.1390 support, gaining bullish momentum that helped it achieve these gains, with the emergence of the positive signals from the relative strength indicators, after reaching the oversold levels, to surpass the resistance of EMA50, surpassing its negative pressure, to open the way for achieving more gains in the near period.

Coffee price keeps the bullish scenario since confirming breaching the barrier at 275.90, to record big gains by reaching 356.45, which forced it to provide mixed trading, resisting stochastic negativity that settles near 50 level.

Forming extra support at 311.80 support makes us confirm that gathering extra positive momentum is important for renewing the pressure on 355.40 level, where surpassing it will open the way for a new positive stations that might begin at 375.40 and 391.20.

The expected trading range for today is between 320.00 and 355.40

Trend forecast: Bullish

Natural gas price confirmed the negative scenario by its continued fluctuation near $2.890 level, taking advantage of the continuation of providing negative momentum by the main indicators, showing its readiness to resume the bearish trend in the current trading.

The stability below the extra resistance barrier towards $3.350 represents the main factor for confirming the bearish scenario, to keep waiting for attacking $2.830 level, where surpassing it might lead it to reach the next support at $2.620.

The expected trading range for today is between $2.830 and $3.050

Trend forecast: Bearish