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Crude Oil Breaks Through Our Final Price Target – Analysis –05-11-2026
Crude oil extended its sharp losses in its latest intraday trading after breaking below the $91.00 support level, which represented our final price target in previous analysis. The decline subsequently brought the price down to the pivotal support level at $86.50, amid the dominance of a steep short-term bearish wave, alongside continued negative pressure as the price trades below EMA50.
Meanwhile, the relative strength indicators continue to generate negative signals despite reaching deeply oversold territory, warning of further declines in the near term.
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Silver Advances on the Back of a Positive Technical Pattern –Analysis –05-11-2026
Silver rose in its latest intraday trading, benefiting from a positive technical pattern that formed on the short term, namely a Double Bottom pattern. The price also broke above EMA50’s resistance, eliminating the negative pressure and paving the way for further gains in the near term.
MoreGold Breaks Through Our Price Target – Analysis –05-11-2026
Gold extended its gains sharply in its latest intraday trading, breaking above the $4,100 resistance level, which had represented our final price target in previous analyses. This follows an earlier breakout from a minor descending channel that had constrained the metal's previous short-term movements. Gold also continues to benefit from positive pressure as it trades above EMA50, reinforcing the chances of extending its gains in the near term.
MoreEURUSD Struggles to Break Through Stubborn Resistance – Analysis –05-11-2026
The EURUSD pair rose in its latest intraday trading, following its success in easing overbought conditions on the relative strength indicators, extending its gains in the near term. The pair is now preparing to challenge the pivotal resistance level at 1.1260.
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