The (crude oil) declined in its last intraday trading, affected by the stability of the critical resistance level at $68.00, attempting to gain positive momentum that might assist it to breach this resistance attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from them, to lean on the support of its EMA50, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.

The (Gold) declined in its last intraday trading, with the emergence of the negative signals on the (RSI), after reaching overbought levels to attempt to gain a positive momentum that might help it to breach the key resistance level at 43,365, amid the continuation of the positive pressure that comes from its trading above EMA50, under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.

The (EURUSD) declined in its last intraday trading, after offloading its clear oversold levels on the (RSI) in its previous trading, opening the way to decline, amid the dominance of the bearish correctional trend on the short-term basis and its trading within channel’s range, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure on the pair.

Tron’s currency price (TRXUSD) declined in latest intraday trading, after failing to breach the stubborn resistance level of 0.30544756, as it attempts to gather positive momentum that may support a renewed rise. The short-term trend remains bullish, with the price trading alongside a rising trend line and continuing to benefit from positive pressure due to trading above the 50-period SMA. Meanwhile, the Stochastic has reached extremely oversold levels, exaggerated relative to the price movement, indicating the beginning of a potential positive divergence.

Therefore we expect the currency to rise in upcoming intraday trading, as long as the support of 0.29552387 holds on — especially if it breaches the resistance of 0.30544756 — targeting the next resistance level at 0.31809306.

Today’s price forecast: Bullish