Crude oil prices rose in its recent intraday trading, achieving cautious gains amid the continuation of the negative dynamic pressure that is represented by its trading below EMA50, with the emergence of the negative signals from the relative strength indicators after forming negative divergence that increases the likelihoods for the losses return in the upcoming near period, amid the dominance of steep minor bearish wave on the short-term basis.
Gold declined in its recent intraday trading, erasing its last early gains, however it remains stable above $4,700, supported by its continued trading above EMA50, reinforcing the chances of its rise in the upcoming near period, with the emergence of the positive signals from the relative strength indicators, after reaching oversold levels.
The EURUSD price keeps its early gains for today in its last intraday trading, preparing to attack the current resistance at 1.1790, supported by its continued trading above EMA50, with the emergence of positive signals from relative strength indicators, amid the dominance of the main bullish trend on short-term basis.
Solana (SOLUSD) price rose in its latest intraday trading, amid the dominance of the main upward trend in the short term, while moving alongside a trend line supporting this path, with continued dynamic positive support from trading above its 50-day SMA, which strengthens the chances of a near-term recovery, especially as a positive divergence begins to form on the Stochastic indicators after reaching deeply oversold levels in an exaggerated manner compared to the price movement, alongside the beginning of positive signals emerging from them.
Therefore we expect the digital currency price to rise in its upcoming intraday trading, as long as it holds above the $85.50 support level, targeting the key resistance level at $90.25.
Today’s price forecast: Bullish