Crude oil prices keep their sharp losses in their last intraday trading, after confirming breaking main bullish trend line on short-term basis, opening the way for more negative pressures, increasing this pressure with the continuation of the trading below EMA50, reinforcing the negative overview.

There are attempts to take a breather, with the beginning of forming positive overlapping on relative strength indicators, after reaching exaggerated oversold levels, while might assist to slow the pace of losses or limit it temporarily on a near-term basis.

Therefore, we expect crude oil to decline in upcoming intraday trading, conditioned by holding below $63.50 resistance, to target $61.35 support.

The expected trading range for today is between $61.35 support and $63.50 resistance.

Today’s forecast: Bearish

Silver prices (SILVER) rose slightly in their recent intraday trading, in attempt to recover its previous losses, accompanied by its attempts to offload the clear oversold conditions of relative strength indicators, with the emergence of positive overlapping signals that might provide some temporary support.

On the other hand, the bearish corrective trend remains dominant on short-term basis, with the continuation of the dynamic negative pressure due to its trading below EMA50, which limits the chances of achieving strong sustainable recovery on near-term basis.

Accordingly, we suggest a decline in sliver’s upcoming intraday trading, especially if it settles below $78.50, to target the initial support levels at $70.80.

The expected trading range is between $70.80 support and $81.60 resistance.

Today’s forecast: Bearish

Gold prices attempted to rise in recent intraday trading, in attempt to recover some of its previous losses, taking advantage of its attempts to offload the clear oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals that provide temporary technical support.

The pressures remain valid with the continuation of the trading below the psychological resistance at $5,000, besides the effect of breaking minor bullish trend line on short-term basis. This pressure is increasing by its trading below EMA50, which intensifies the negative pressure and limits the chances of quick recovery.

Therefore, we suggest a decline in gold prices' upcoming intraday trading, if it settles below $5,000, to target $4,800 support. The expected trading range is between $4,800 support and $5,100 resistance.

Today’s forecast: Bearish

The (EURUSD) price fluctuated in its last intraday trading, with the emergence of negative signals from relative strength indicators, while the price attempts to gain bullish momentum that might provide an opportunity for its recovery and return to rise.

This comes amid the continuation of the dynamic support due to its trading above EMA50, reinforcing the strength of the main bullish trend on short-term basis, especially with the continuation of its trading alongside supportive trend line for this path.

Therefore, we suggest a rise in (EURUSD)price’s upcoming intraday trading, if it settles above 1.1900 key resistance, to target its next resistance at 1.1970.

The expected trading range is between 1.1830 support and 1.1950 resistance.

Today's forecast: Bullish