Crude oil witnessed sharp and fluctuated trading on their last intraday trading, after opening the trading with strong bullish gap that allowed it to breach $69.50 resistance, however the price entered a quick wave to gather gains and take a breather and gain the required momentum to resume the rise.

Besides its attempts to offload overbought conditions on relative strength indicators, with the emergence of new negative signals, explaining the intraday decline after the gap, despite these pressures the price remains leaning on key dynamic support, represented by its trading above EMA50, with the main bullish trend dominance on short-term basis, keeping the positive overview valid.

Therefore, we suggest a rise in crude oil prices in upcoming intraday trading, if $67.00 support settles, to target $75.00 resistance.

The expected trading range for today is between $67.00 support and $75.00 resistance.

Today’s forecast: Bullish

Silver prices witnessed fluctuating trading on the last intraday levels, affected by the emergence of the negative signals from relative strength indicators after reaching sharp overbought levels, in attempt to offload some of these conditions and calm the bullish momentum.

Despite these short-term pressures, the price leans on key dynamic support that is represented by its stability above EMA50, reinforcing the stability of the bullish corrective trend on short-term basis, especially with the continuation of its trading alongside supportive trend line for this track, keeping the chances of resuming the upside path valid if the current correction attempt ends.

Accordingly, we suggest a rise in sliver’s upcoming intraday trading, if it settles above $92.00, to target the psychological main resistance at $100.00.

The expected trading range is between $89.00 support and $100.00 resistance.

Today’s forecast: Bullish

Gold price surged at the beginning of the week’s trading on the intraday levels, breaching our previously expected target at the current resistance at $5,300, supported by the trading alongside minor bullish trend line on short-term basis, beside its stability above EMA50, which reinforced the strength of the bullish momentum.

This momentum has warning signs, as the relative strength indicators begin showing negative overlapping signals after reaching sharp overbought levels, which pushed the price to rebound and reduce some of its early gains, as a signal to begin short-term fluctuating move before completing the rise.

Therefore, we suggest a rise in gold price’s upcoming intraday trading, if it settles above $5,300, to target the next resistance at $5,500.

The expected trading range is between $5,250 support and $5,500 resistance.

Today’s forecast: Bullish

The (EURUSD) price declined in its last trading on intraday levels, to break its EMA50 and put it under accelerated negative pressure that pushed it to continue the decline. 

This decline accompanied by breaking bearish formation that complete the bearish corrective trend on short-term basis, that is represented by symmetrical triangle pattern, reinforcing the likelihoods of the selling pressures continuation in the upcoming period, especially with the stability of the trading below the broken levels.

Therefore, we suggest a decline in (EURUSD)price’s upcoming intraday trading, conditioned by breaking 1.1775 support, to target 1.1710 support as a target for the symmetrical triangle pattern.

The expected trading range is between 1.1775 support and 1.1825 resistance.

Today's forecast: Bearish