Crude oil witnessed fluctuated trading on their last intraday levels, with the emergence of negative signals from relative strength indicators, reflecting a state of caution and partial profit-taking after previous bullish waves.

Despite these signals, the price remains leaning on a key dynamic support that is represented by its stability above EMA50, reinforcing the stability of the main bullish trend on short-term basis. Crude oil is attempting to gather its bullish momentum, paving the way for targeting new resistance levels in near period, if it keeps its trading above its current support levels.

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 $69.00 support and $75.00 resistance.

Today’s forecast: Bullish

Silver prices rose in the last intraday trading, after it leaned on EMA50’s support, accompanied by testing $86.00 support, forming double technical support that provided clear bullish momentum and helped the price to rebound quickly and recover.

This improvement comes amid the continuation of the bullish corrective trend dominance on short-term basis, supported by the emergence of positive overlapping signals on relative strength indicators, after reaching sharp oversold levels, reinforcing the likelihoods of continuing the upside track in the near period unless selling pressures appear to retest support levels.

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

The expected trading range is between $86.00 support and $100.00 resistance.

Today’s forecast: Bullish

Gold price rose in the intraday trading, after it leaned on $5,300 support, providing technical base that supported its return to rise and provided clear positive momentum, after offloading the overbought conditions on the relative strength indicators, opening the way for extending its gains in the near-term basis, especially with the emergence of new positive overlapping signals.

Gold is trading alongside minor bullish trend line on the short-term basis, by holding above EMA50, indicating the continuation of the dynamic support and reinforces the chances of completing the upward track if the price keeps its trading above the mentioned support.

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 rose in its last intraday trading, depending on the stability of 1.1670 support, which was an expected target in our previous analysis, providing bullish momentum that helped it to recover some of its previous losses, accompanied by offloading the clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals that support the temporary recovery chances.

Despite this intraday improvement, the negative pressures remain valid amid the trading below EMA50, reinforcing the stability and dominance of the bearish corrective trend on short-term basis, making any upward move vulnerable to testing nearby resistance levels unless they are decisively breached.

Therefore, we suggest a decline in (EURUSD)price’s upcoming intraday trading, if 1.1750 resistance settles, to target 1.1670 support preparing to break it.

The expected trading range is between 1.1650 support and 1.1750 resistance.

Today's forecast: Bearish