Crude Oil Price Sees Technical Breakouts Supporting Further Gains – Analysis – 02-10-2026

Silver declined in its latest intraday trading, due to the stability of the resistance level at $61.00, forcing the price to reverse lower, with the beginning of negative signals emerging from the relative strength indicators after the price managed to unwind its oversold conditions, increasing the negative pressures and paving the way for further losses in the near term.

Gold declined in its latest intraday trading, amid continued negative pressure resulting from trading below the EMA50, which represents dynamic resistance reinforcing the dominance of the short-term bearish corrective trend, especially with price movements along a trend line supporting this path.

The EURUSD price remains under a series of sharp and consecutive losses during its latest intraday trading, reaching the 1.1290 support level, which was our final price target for the pair in our previous analyses. This comes amid the dominance of the main short-term bearish trend, with price moving along a minor trend line supporting this path, in addition to continued negative pressure from trading below the EMA50.