Crude Oil price rebounded higher in its latest intraday trading after successfully easing part of the clear overbought condition on the relative strength indicators, restoring technical balance and providing more room to continue gains in the near term.

This improvement is supported by ongoing dynamic support, as the price remains stable above EMA50, reinforcing the strength and dominance of the main short-term bullish trend. The positive outlook remains valid as long as oil maintains trading above its nearby support levels.

Therefore, we suggest a rise in crude oil prices in upcoming intraday trading, conditioned by breaching $75.00 resistance initially and holding above it, to target its next resistance at $80.00.

The expected trading range for today is between $70.00 support and $78.00 resistance.

Today’s forecast: Bullish

Silver prices moved higher in its latest intraday trading, attempting to recover part of its previous losses. However, negative pressure remains in place as the price continues to trade below its EMA50, keeping dynamic resistance intact against any upward movement.

The price is also still impacted by its break below a short-term corrective ascending trend line, reflecting technical weakness in the current structure. Despite this, silver is trying to benefit from easing the clear oversold condition on the relative strength indicators, especially with the emergence of new positive signals that could support a temporary recovery if buying momentum holds in the coming sessions.

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 $73.00 support level.

The expected trading range is between $77.00 support and $87.00 resistance.

Today’s forecast: Bearish

Gold prices advanced in its recent intraday trading after finding support at the key $5,000 level, which had been identified as a price target in our previous analysis, providing positive momentum that helped the price achieve those gains, aiming to recover part of its earlier losses. At the same time, gold is attempting to ease its clear oversold condition on the relative strength indicators, with the emergence of positive signals.

This comes as the price remains affected by its earlier break below a short-term ascending trend line, along with continued negative and dynamic pressure due to trading below its EMA50, which limits the chances of a near-term recovery.

Therefore, we suggest a decline in gold price’s upcoming intraday trading, if above $5,200 resistance remains intact, to target $5,000 level.

The expected trading range is between $5,000 support and $5,200 resistance.

Today’s forecast: Bearish

The (EURUSD) price declined in its latest intraday trading after posting a bullish rebound from 1.1530 support, which we had previously identified as a price target. The pair managed to recover part of its previous losses.

This rebound also helped ease part of the oversold condition on the relative strength indicators, restoring technical balance and opening the door to targeting new support levels in the near term, if the main short-term trend remains bearish, making any current upward moves vulnerable to renewed selling pressure.

Accordingly, we suggest a decline in EURUSD’s upcoming intraday trading, if 1.1620 resistance level holds. The pair is expected to retest the mentioned 1.1530 support level, with strong chances of a breakout below it.

The expected trading range is between 1.1500 support and 1.1620 resistance.

Today's forecast: Bearish