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Evening update for crude oil -04-08-2026
The price of crude oil slipped lower in its latest intraday trading, reaching $75.00 support, which was our last targets in our previous analysis, amid the dominance of the bearish corrective trend on the short-term basis, with its trading alongside steep bearish trend line that supports this path, besides the emergence of the negative signals from the relative strength indicators, after forming negative divergence after reaching exaggerated overbought levels compared to the price move, intensifying the negative pressures.
Evening update for gold-04-08-2026
Gold rose during its recent intraday trading, driven by positive signals emerging from the relative strength indicators. This rise enabled the price to breach the resistance of EMA50, marking an important step toward easing the negative pressure surrounding the price. However, a key nearby resistance level remains an obstacle to a full recovery in the near term, amid the dominance of a short-term bullish corrective wave.
MoreEvening update for EURUSD-04-08-2026
The EURUSD pair rose during its recent intraday trading, amid the dominance of a strong short-term bullish wave. Positive momentum continues to support the pair as it trades above EMA50, which reinforces the chances of extending these gains in the near term. At the same time, positive signals are emerging from the relative strength indicators after it reached deeply oversold levels.
MoreEthereum Classic Coin suffers from negative pressures - Analysis - 04-08-2026
Ethereum Classic (ETCUSD) traded in a volatile range during recent intraday trading as the cryptocurrency remained under the control of the primary short-term downtrend, with price action continuing to follow a short-term descending trendline that reinforces the prevailing bearish bias. Selling pressure also persists as the price continues to trade below its 50-period Simple Moving Average (SMA), which is acting as dynamic resistance and limiting the prospects for a sustained recovery in the near term. Meanwhile, momentum indicators have started generating fresh bearish signals after reaching overbought territory, adding further downside pressure to the price.
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