Crude Oil price declined in its last intraday trading, due to the stability of the resistance at $79.00, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to breach this resistance, attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside a trend line that supports this scenario.
Gold declined in its recent intraday trading, affected by reaching the resistance of EMA50, accompanied by testing a main bearish trend line on the short-term basis, intensifying the negative pressure and forced it to rebound, after offloading its oversold conditions on the relative strength indicators, threatening the recent gains.
The EURUSD pair declined in its latest intraday trading, in a truce to catch breath and gather its profits, benefiting from the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, which gained bullish momentum that made it surpass EMA50’s resistance, to get rid of its negative pressure and eases the way for achieving more gains in the near upcoming period.
Dash (DASHUSD) moved higher in recent intraday trading, supported by positive signals from momentum indicators after they had previously reached extremely oversold territory. This has provided the cryptocurrency with fresh positive momentum, allowing it to recover part of its earlier losses. However, the price remains affected by a previous break below a short-term ascending trendline, while continued trading below the 50-period Simple Moving Average (SMA) maintains negative pressure and limits the prospects for a sustained recovery in the near term.
Therefore, our outlook remains tilted to the downside for the cryptocurrency's upcoming intraday trading sessions, as long as resistance at $34.35 remains intact. Under this scenario, the next downside target is the key support level at $31.90.
Today's price forecast: Bearish.