Crude oil prices witnessed choppy and sideways intraday trading, while remaining stable below the key resistance level at $94.70, with the continuation of the negative pressure as it trades below EMA50, which reduces the chances of a near-term recovery, especially with a short-term corrective bearish wave dominance. On the other hand, early positive signals are starting to emerge from relative strength indicators, providing the price with some temporary support and mild bullish momentum.

Gold price continues its attempts to gain positive momentum that may support a renewed recovery, despite its recent sideways and volatile intraday movements below the key and stubborn resistance level at $4,800.

The price remains supported by trading above EMA50, which reinforces the stability and dominance of the short-term corrective bullish trend. On the other hand, negative signals emerging from relative strength indicators after previously reaching overbought levels, which limited the bullish momentum in recent sessions.

The EURUSD pair is holding on to strong gains in its latest intraday trading, supported by a short-term corrective bullish trend. The pair continues to benefit from positive pressure as it trades above EMA50, which reinforces the upward momentum.

In the background, relative strength indicators are still providing positive signals after offloading the overbought conditions. Opening the way for achieving these gains.

Zcash (ZECUSD) price edged lower in its latest intraday trading, as the price takes profits from its previous gains while attempting to gain positive momentum that could help it resume its gains in the near future. Additionally, the price is trying to ease some of its clear overbought conditions according to the Stochastic indicator, especially with the emergence of a negative crossover, amid the dominance of the main short-term bullish trend.

Therefore we expect the cryptocurrency price to rise during its upcoming intraday trading sessions, as long as support at $339.00 remains intact, targeting its next resistance level at $420.00.

Today’s price forecast: Bullish