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Crude oil prices keep its bullish trend despite the intraday decline- Analysis-05-02-2026

Economies.com
2026-02-05 02:46AM UTC

Crude oil prices declined in their last intraday trading, in natural corrective move to take breather, as the price is attempting to gain bullish momentum that might help it to recover and return to the upside again, accompanied by the attempts of relative strength indicators to offload its overbought conditions, especially with the emergence of negative signals from there, which explains the current fluctuation.

 

Despite this intraday pressure, the main bullish trend remains dominant on short-term basis, supported by the continuation of the trading above EMA50, which represents a key dynamic support, besides the trading alongside supportive trendline for this path, keeping the chances of resuming the rise valid in the near period.

 

 

Silver Price reaches our expected target– Analysis-05-02-2026

Economies.com
2026-02-05 02:42AM UTC

Silver prices (SILVER) slipped lower in their recent intraday trading, after the failure to breach the key resistance at $90.00, which turned into selling pressure that pushed the price to decline, reaching our expected target in our previous analysis at $81.30 support. 

 

This decline comes amid the dominance of the bearish corrective trend on short-term basis, affected by breaking main bullish trend line that increased the intense of the negative pressure, and the dynamic pressure continues due to trading below EMA50, accompanied by the emergence of negative signals from relative strength indicators, preferring the continuation of the intraday weakness unless the price manages to settle above the current support.

 

 

Gold price is under pressure after failure to breach psychological resistance - Analysis-05-02-2026

Economies.com
2026-02-05 02:35AM UTC

Gold prices (GOLD) declined during recent intraday trading, to settle below $5,000 key resistance, amid the failure to regain the psychological barrier. This comes amid the dominance of short-term bearish corrective wave, which limits the chances of quick recovery in the current period.

 

These negative pressures increased with the trading below EMA50, which represents an extra dynamic resistance, accompanied by the negative signals from relative strength indicators, after reaching overbought levels, reinforcing the likelihoods of the decline continuation or entering negative fluctuating move on the near-term basis.

 

 

EURUSD price is on the verge of breaking a key support level- Analysis-05-02-2026

Economies.com
2026-02-05 02:31AM UTC

The (EURUSD) price declined in its last intraday trading, approaching breaking the key support at 1.1800, as a signal for increasing the selling pressure on short-term basis. This decline comes amid the dominance of bearish corrective wave that limits the recovery attempts and press on the current trading.

 

These pressures increase with the continuation of the trading below EMA50, which represents a dynamic resistance that reinforces the negativity, accompanied by the emergence of negative signals from relative strength indicators, preferring the possibility of breaking the mentioned support if the negative momentum continued in the upcoming trading.