Crude oil prices returned to rise during recent intraday trading, after it managed to gather its previous gain, which helped it to gain bullish momentum that helped it to settle above the key resistance at $93.50, as a clear signals for breaching it, affected by breaching bearish corrective trend line on the short-term basis, with a dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending the gains in the upcoming near period.

Gold prices kept declining during recent intraday trading, amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure on the price, on the other hand, positive overlapping signals begins to emerge from the relative strength indicators, after reaching oversold levels, which might reduce the upcoming losses.

The EURUSD pair kept declining during its latest intraday trading, with the emergence of the negative signals from the relative strength indicators, despite reaching oversold levels, with the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances of full recovery in the upcoming near period, especially with the dominance of the main bearish trend on the short-term basis.

Litecoin (LTCUSD) price recorded cautious gains in its latest intraday trading, as the cryptocurrency attempts to recover part of its previous losses. During this rebound, it successfully relieved its oversold condition on the Stochastic indicators, with positive signals continuing to emerge from them. However, the price remains under negative pressure from trading below its 50-day SMA, which reinforces the stability and dominance of the main bearish trend in the short term, while moving alongside a trend line supporting this path.

Therefore we expect the digital currency price to decline in its upcoming intraday trading, as long as it remains below the $49.95 resistance level, targeting the $45.95 support level.

Today’s price forecast: Bearish.