Crude oil prices declined in their last intraday trading, to break $63.50 key support, which represents the neckline of negative technical pattern that formed on short-term basis, which is the double top pattern, this decline was accompanied by the emergence of negative signals from relative strength indicators, after offloading its oversold conditions, opening the way for recording this decline.

On the other hand, the price remains benefited from the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend, especially with its trading alongside minor trend line on short-term basis, keeping the chances of a recovery and a bullish rebound valid in the upcoming period.

Therefore, we expect crude oil to decline in upcoming intraday trading, if it settles below $63.50 to target $61.50 key support.

The expected trading range for today is between $61.50 support and $65.00 resistance.

Today’s forecast: Bearish

Silver prices (SILVER) declined in their recent intraday trading, affected by the continuation of the negative pressure due to its trading below EMA50, to confirm breaking short-term bullish trendline, which increased the extent of the negative pressures and weakened the chances of quick recovery.

On the other hand, we notice the emergence of positive overlapping signals on relative strength indicators after reaching oversold levels, helping the price to settle and enter fluctuating moves, to attempt to offload some of these oversold conditions, paving the way for potential deceleration in losses or a limited intraday rebound.

Accordingly, we suggest a decline in sliver’s upcoming intraday trading, by its stability below $90.00, to target $73.00 support.

The expected trading range is between $73.00 support and $93.00 resistance.

Today’s forecast: bearish

Gold prices (GOLD) continued their sharp decline during recent intraday trading, to break short-term bullish trend line, as negative technical signals that increased the selling pressures, accompanied by its trading below EMA0, which turned into dynamic resistance that reduced the chances of quick recovery on near period.

Despite these negative pressures, we notice positive overlapping signals on relative strength indicators after reaching oversold levels, this was reflected through intraday fluctuations, paving the way for temporary rebound or at least eases the extent of the losses in its upcoming trading.

Accordingly, we suggest a decline in gold prices during upcoming intraday trading, if it settles below $5,000, to target initial support level at $4,550.

The expected trading range is between $4,550 support and $5,000 resistance.

Today’s forecast: Bearish

The (EURUSD) price rose in its last intraday trading, benefited from its leaning on EMA50’s support, gaining bullish momentum that helped it to recover some of its previous losses, opening the way for temporary bullish moves.

At the same time, the price is attempting to offload its oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals, which supports the bullish rebound scenario, but the rise remains limited due to the effect of breaking short-term bullish trendline, keeping cautious in control in the upcoming trading.

Therefore, we suggest a decline in (EURUSD)price’s upcoming intraday trading, if it settles below 1.1930 resistance, to target 1.800 support.

The expected trading range is between 1.1800 support and 1.920 resistance.

Today's forecast: Bearish