The (crude oil) price kept declining on its last intraday levels, looking for higher low to take it as a base that might help it to gain the required bullish momentum for its recovery, to lean on EMA50’s support, which reinforces the chances of the recovery on near-term basis, especially with its trading alongside bullish trend line on short-term basis, with the relative strength indicators reaching oversold levels, exaggeratedly compared to the price move, indicating the beginning of positive divergence.

Gold price continues the fluctuating trading on its last intraday levels, looking for a bullish momentum that helps it to recover and rise again, amid its trading alongside minor bullish trend line with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of this rise, especially with the relative strength indicators reaching exaggerated oversold levels compared to the price move.

Our bullish overview of (EURUSD) remains valid on the intraday basis, despite its weak trading but it remains under bullish pressure, starting by its trading above EMA50, with the dominance of the main bullish trend on short-term basis, and its trading alongside supportive trend line for this path, noticing the emergence of positive signals from relative strength indicators.

Monero (XMRUSD) price recorded choppy trading with a slight upward bias in its latest intraday movement, while still under negative pressure from trading below the 50-day SMA, which reinforces the dominance of the main short-term bearish trend. Price continues to move alongside a supporting trend line for that bearish path. In addition, RSI has begun to deliver negative signals after reaching overbought levels, adding further downside pressure.

Therefore we expect the cryptocurrency price to decline in upcoming intraday trading, as long as it remains below the $367.00 resistance level, targeting the key support at $290.00.

Today’s price forecast: Bearish