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Crude Oil Reaches Our Price Target – Analysis – 03-08-2026
Crude oil slipped during its latest intraday trading, reaching the support level at $78.00, which was a target in our previous analysis, amid continued selling pressure resulting from trading below EMA50, which continues to act as dynamic resistance.
The decline also led to a break below a short-term ascending trendline, coinciding with the return of negative signals on the relative strength indicators after exiting overbought levels. This strengthens the likelihood of continued downside pressure in the near term, particularly if the price loses its stability above this support level.
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Silver Catches Its Breath, but Selling Pressure Remains –Analysis – 03-08-2026
The price of silver edged slightly higher during its latest intraday trading, attempting to alleviate some of its clearly oversold conditions on the relative strength indicators. The price benefited from the improvement in indicators, which began to generate positive signals, providing limited support for price movements.
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Gold rose at the start of the trading week, benefiting from improving momentum after positive signals emerged on the relative strength indicators following its entry into deeply oversold territory. However, the rise quickly encountered resistance at its EMA50, prompting the price to erase most of its early gains.
MoreEURUSD Maintains Its Uptrend Supported by Technical Indicators – Analysis – 03-08-2026
The EURUSD pair rose during its latest intraday trading, moving within a short-term corrective bullish wave, while remaining above EMA50, which continues to act as dynamic support and strengthens the chances of further gains in the coming period.
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