Crude oil prices declined in a corrective move resembling a repositioning phase to gain fresh momentum, paving the way for a renewed upward move. This pullback occurs within a healthy framework that does not alter the overall technical structure, as the price continues trading above its EMA50, maintaining dynamic support and reinforcing the short-term bullish trend. 

A positive crossover on relative strength indicators appears after offloading the previous overbought condition, giving room to regain upward momentum. The positive outlook remains likely if the price holds its dynamic support. 

We suggest a rise in crude oil prices during upcoming intraday trading, especially above $65.35 support, targeting $67.70 resistance. 

The expected trading range for today is between $64.35 support and $67.70 resistance.

Today’s forecast: Bullish

Silver prices kept rising in their last intraday trading, attacking the previous suggested target in our previous analysis at $86.00 resistance, indicating that the price remains aligned with the bullish scenario, with growing buying appetite, supported by a solid technical structure that reinforces the chances of the continuation of the bullish rally on near-term basis.

Accompanied by the dominance of clear bullish wave on short-term basis, where the price moves alongside supportive trend line for this track, besides the continuation of the trading above EMA50, providing dynamic support that reinforces the bullish trend, so holding above the current resistance might open the way for recording new highs.

Gold price surged sharply during its recent intraday trading, managing to break above the $5,100 resistance level, a level we had previously identified as a price target in our earlier analysis. This breakout reflects a clear improvement in risk appetite, particularly as the price benefited from dynamic support generated by its stability above EMA50, reinforcing the bullish momentum.

This performance comes amid the dominance of a short-term bullish sub-wave, with price movements tracking along a supportive trend line for this path, reflecting consistency in the positive technical structure. Accordingly, holding above the $5,100 level could pave the way for targeting new highs in the upcoming period.

The (EURUSD) price extended its gains in its last intraday trading, benefiting from the stability of the key support at 1.1775, which formed a launch base that reinforced the bullish momentum, which intensified with the emergence of positive signals from relative strength indicators providing technical momentum that helped it to improve its stability on short-term basis.

This improvement culminated in a breakout of a short-term bearish corrective trend line, indicating a relative change in the technical outlook, before reaching EMA50’s resistance, attempting to get rid of its negative pressure. The price success in surpassing the average level and holding above it might reinforce the chances of extending the gains.