Crude Oil prices continued to decline during recent intraday trading, breaking $70.00 support, which represented our last expected target, confirming the dominance of selling pressure, with the bearish trend strength increase as sellers maintain control over market activity.

This performance accompanied by trading below the EMA50, and its move along a minor downward trendline that supports the bearish trend, these factors reinforce the negative short-term technical scenario, and relative strength indicators keeps sending bearish signals despite reaching deeply oversold areas, keeping the chances of recording losses remains valid.

Silver settles on cautious gains in its recent intraday trading, attempting to recover part of its previous losses, taking advantage from a relative improvement in technical momentum following the latest decline.

This performance accompanied by the price attempts to offload its oversold condition on the relative strength indicators, with the emergence of a positive overlapping signals that supports the chances of stabilization and a limited rebound. However, negative pressure remains dominant, as the price remains below EMA50, which reinforces the stability and dominance of the main short-term bearish trend, therefore, the current gains are still viewed as a cautious recovery attempt unless the price surpasses key resistance levels.

Gold witnessed limited and cautious gains during its recent intraday trading, attempting to recover part of its previous losses, benefiting from selective buying activity that helped the price to settle temporarily.

Despite this improvement, the technical outlook remains negative, amid the continuation of the short-term bearish trend dominance, while prices remain below EMA50, putting negative, and relative strength indicators continue to generate negative signals, pointing to weak bullish momentum and keeping the likelihoods of renewed selling pressure valid in the near term.

The EURUSD pair declined slightly in its latest intraday trading after attempting to recover part of its previous losses, benefiting from leaning on 1.1330 support, which represented our last expected targets.

The pair managed to ease its oversold condition on the relative strength indicators. However, negative pressure returned with the dominance of the main short-term bearish trend, while trading continues below the EMA50, which represents dynamic resistance and limits recovery opportunities, keeping the bearish technical outlook valid, and the pair may face more negative pressure.