Crude oil prices resumed their decline at recent levels after showing some stability during early trading, attempting to recover part of their previous losses. This comes amid negative signals from the relative strength indicators (RSI), with the bearish trend domination on the short-term basis.

The price of gold (GOLD) has moved higher strongly in its recent intraday trading, supported by positive signals from relative strength indicators (RSI), reaching our first target to test the current resistance level of $3,053. This comes amid the dominance of the main upward trend, with trading occurring near the trend line.

The Euro (EURUSD) has declined in its intraday trading after approaching the key resistance level of 1.1100. The pair is attempting to gain positive momentum with this drop, which may help it break through the resistance. At the same time, it is trying to relieve some of the overbought conditions shown by the relative strength index (RSI), as the main upward trend remains in control in the short term, with the price trading along an ascending trendline.

Coffee price began gathering its gains by activating the bearish correctional track after breaking 370.65, to notice its decline towards 338.20, to settle below the moving average 55.

Stochastic reach to the oversold level will increase the negative pressures, which makes us prefer targeting extra negative stations that might begin at 332.00 and 326.30 before any attempt to regain the bullish track.

The expected trading range for today is between 332.00 and 355.10

Trend forecast: Bearish