Crude Oil Price Benefits from Technical Momentum and Extends Gains – Analysis – 15-05-2026

Silver price slipped lower during recent intraday trading as the market searched for a new higher low that could serve as a base for regaining positive momentum and resuming recovery. The price has now reached support at EMA50, which represents a key technical support level that may help the metal stabilize and rebound, especially as the main short-term bullish trend remains intact.

Gold price declined during recent intraday trading, confirming a break below a minor upward trend line in the short term. This technical signal reflects rising selling pressure and weakening positive momentum that had previously supported price movements. The decline also came alongside a break below the 50-period simple moving average, increasing negative pressure on gold and strengthening the chances of further losses in the near term.

The EURUSD extended its strong losses in recent intraday trading after breaking below the 1.1675 support level, which we had previously identified as a target in earlier analyses. This reflects growing selling pressure and continues weak technical performance in the short term.