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Crude oil price breaks a main bullish trendline - Analysis- 08-04-2026
Crude oil prices declined during recent intraday trading, affected by increasing selling pressure alongside negative signals from the Relative Strength Index after reaching overbought levels. This decline led the price to break below the 50-period simple moving average, causing it to lose its role as a dynamic support and intensifying the surrounding bearish pressure.
The price also deepened its losses by breaking a major short-term upward trendline, which is a strong technical signal indicating a potential shift toward a downward trend in the near term, especially with negative momentum continuing to dominate current movements.
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Silver price surpasses our target - Analysis- 08-04-2026
Silver surged during its recent intraday trading, achieving notable gains and successfully surpassing the key resistance level at $75.85, which represents preferred target in previous analysis. This strong performance comes amid a short-term corrective bullish wave, with price movements continuing alongside a supportive trendline that reinforces the stability of this positive path.
MoreGold price attacks our target - Analysis-08-04-2026
Gold extended its gains strongly during recent intraday trading, approaching the key resistance level at $4,800, which identified as a potential target in previous analyses. This rise is supported by the price continuing to trade above EMA50, which remains a dynamic support enhancing the stability of the upward movement.
MoreEURUSD price is breaching the bearish trend and supports the chances of rising- Analysis-08-04-2026
(EURUSD) surged during its recent intraday trading, benefiting from its position above EMA50, which continues to act as an effective dynamic support pushing the price to keep rising. This comes alongside ongoing positive signals from the relative strength indicators, clearly indicating strengthening bullish momentum and improving chances for a short-term upward move.
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