Crude oil prices declined in their latest intraday trading, following the stability of the key resistance level at $61.50. letting the price gather yesterday’s gains, as well as an attempt to relieve the clear overbought conditions indicated by the Relative Strength Index (RSI), which has started to show negative signals. This could allow the price to gather positive momentum that may help it breach that resistance.

Gold (GOLD) declined in its recent intraday trading after breaking through the $3,100 resistance level in earlier sessions. This decline appears to be a gain gathering move, attempting to build positive momentum that could support a new upward move. At the same time, gold is trying to get rid of some of the overbought pressure reflected in the Relative Strength Index (RSI).

The (EURUSD) pair’s price rose in its latest intraday trading, under the influence of a bullish trend and trading along an upside trend line. This was accompanied by the emergence of positive signals from the Relative Strength Index (RSI), after reaching oversold levels.

The GBPCAD price faced 61.8%Fibonacci correction level at 1.7975 in its bearish correctional attack, to begin activating the bullish attempts by reaching the moving average55 at 1.8095.

Note that the main stability within the bullish channel’s levels and the continuation forming extra support at 1.7975 level, these factors make us prefer the bullish scenario for the near trading, targeting 1.8150 level reaching the extra obstacle near 1.8200. 

The expected trading range for today is between 1.8030 and 1.8150

Trend forecast: Bullish