Crude Oil continued to rise in its recent intraday trading, reaching the key resistance level of $79.00, which was our last target in previous analysis, benefiting by the continuation of the short-term corrective bullish wave.

The price is supported by its trading above EMA50, which is acting as dynamic support and reinforcing bullish momentum. At the same time, the relative strength indicators continue to generate positive signals despite reaching deeply overbought levels. Which may cause some slowness or profit-taking on the short-term basis, the corrective bullish trend remains intact if the price remains above key support levels.

Silver continued its decline in its recent intraday trading, reaching the key support of $57.00, which was our last expected targets, amid the continuation of the dominant short-term bearish trend.

The price continues to move along a bearish trendline, accompanied by trading below EMA50, which acts as dynamic resistance that limits the chances of a near-term recovery. These technical factors keep selling pressure intact, suggesting the continuation of the bearish trend, especially when breaking the current support.

Gold continues to post consecutive losses during its recent intraday trading, with the continuation of the negative pressure due to its trading below EMA50, which acts as dynamic resistance, reinforcing the dominant short-term bearish trend, while the price continues to move along a descending trendline that supports this path.

Meanwhile, the relative strength indicators continue to generate bearish signals despite reaching deeply oversold levels. This reflects the continued weakness in bullish momentum and the indicators’ inability to trigger a meaningful rebound. As a result, the selling pressure may remain valid in the near term, unless the price succeeds in reclaiming key technical resistance levels.

The EURUSD pair settles within a series of consecutive declines during its recent intraday trading after breaking below a short-term corrective ascending channel that had been guiding its price action, confirming the return of selling pressure and reinforces the dominance of bearish trend.

The pair also remains below EMA50, which is acting as dynamic resistance and strengthening the negative outlook. Accompanied by the negative signals emergence from the relative strength indicators after easing the oversold conditions, creating room for renewed selling pressure and increasing the likelihood of further losses in the upcoming sessions, unless the pair manages to reclaim nearby resistance levels.