Crude oil prices rose in their latest intraday trading, currently preparing to attack the resistance level of $77.35, which we previously highlighted as a potential price target. This move is supported by trading above EMA50, reinforcing the stability and dominance of the main short-term upward trend.

In the technical background, the relative strength indicators has begun sending fresh positive signals after the price successfully relieved the previous overbought condition. This gives the market more room to extend its gains in the near term, especially if it manages to break above the mentioned resistance and stabilize above it.

Therefore, we suggest a rise in crude oil prices in upcoming intraday trading, conditioned by breaching $77.35 resistance, to target its next resistance at $80.00.

The expected trading range for today is between $72.00 support and $80.00 resistance.

Today’s forecast: Bullish

Silver prices moved higher in its latest intraday trading, attempting to recover part of its previous losses. However, there are technical signals that remain suggesting the negativity.

The relative strength indicators remain providing negative signals, accompanied by the continuation of the trading below EMA50, keeping the dynamic pressure valid and limits the strength of any rebound. The price still under the effect of breaking bullish corrective trend line on short-term basis, showing the weakness of the technical structure and makes the current gains threatened unless the price manages to regain its technical levels.

Accordingly, our outlook favors a decline in silver price during upcoming intraday trading, as long as the $86.00 resistance level remains intact, targeting the $79.50 support level.

The expected trading range is between $79.50 support and $90.00 resistance.

Today’s forecast: Bearish

The (EURUSD) price settled on limited gains in its latest intraday trading amid its attempts to correct the main bearish trend on short-term basis, amid its trading alongside supportive trend line for this negative track.

The negative pressures remain valid, as the price is moving below EMA50, which represents a dynamic resistance that reduces the chances of the strong recovery on near-term basis, accompanied by forming negative divergence on relative strength indicators after reaching exaggerated overbought levels compared to the price move, with the emergence of new negative signals, which might pave the way for potential return of the selling pressure at any moment.

Accordingly, we suggest a decline in EURUSD’s upcoming intraday trading, if 1.1690 resistance level holds, to target 1.1565 support.

The expected trading range is between 1.1590 support and 1.1690 resistance.

Today's forecast: Bearish

The (BTCUSD) price extended its gains in its last intraday trading, to breach $72,000 resistance, which represented an expected target in our previous analysis, taking advantage of the positive pressure due to its trading above EMA50, and under the dominance of bullish corrective wave on short-term basis alongside trend line.