Evening update for Crude oil -02-09-2026

Gold price declined slightly during its latest intraday trading after retesting the key resistance level at $4,400. The price recorded strong gains that helped alleviate its oversold conditions on the relative strength indicators, amid the dominance of a steep short-term bearish corrective wave. Negative pressure also continues to stem from trading below its EMA50, which reduces the chances of a full recovery in the near term.

The EURUSD price resumed its decline during its latest intraday trading, after recording strong and sudden gains, driven by positive signals from the relative strength indicators after reaching deeply oversold levels. However, despite this sudden rise, the pair continues to suffer from negative pressure resulting from trading below EMA50, with a short-term bearish corrective wave dominance, while its movements remain aligned with a trend line supporting this path.

Ethereum (ETHUSD) kept declining in its latest intraday trading, to reach the key support at $2,350, which was a price target in our previous analysis, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, which represents a dynamic resistance that reduces the chances of full recovery on the near-term basis. The last decline came despite the price’s attempt to offload some of its oversold conditions on the relative strength indicators, as a clear signals for its intension to deepen these losses.