The (crude oil) price reinforced its gains in its last intraday trading, supported by the emergence of positive signals from relative strength indicators, under the dominance of the bullish trend on short-term basis and its trading alongside supportive trend line for this trend, to surpass the negative pressure of EMA50, reinforcing the chances of extending gains on near-term basis.

Gold price keeps its early gains for today, retesting a previously broken bullish trend line on short-term basis, amid the continuation of the negative pressure due to its trading below EMA0, reducing the chances of the price recovery on near-term basis, especially with the emergence of negative overlapping signals on relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move.

(EURUSD) rose in its last intraday trading, amid the stability of 1.1800 key support, to attempt to offload its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of steep bearish correction wave on short-term basis.

LTCUSD price recorded sideways trading with a cautious upward bias in its latest intraday moves, as it attempts to correct the main short-term downtrend while moving along a minor trend line supporting this corrective path. However, the setup remains under pressure as price continues to trade below its SMA50, which acts as dynamic resistance and prevents a sustainable recovery in the near term, especially with negative signals coming from the RSI after reaching overbought territory.

Therefore we expect the cryptocurrency price to decline in upcoming intraday trading, as long as it remains below the $62.65 resistance level, to target the $54.70 support level.

Expected trading trend: Bearish