The (crude oil) price continues the corrective decline on its last intraday trading, amid the emergence of the negative signals from the relative strength indicators, looking for a rising low to take it as a base that might help it to gain the required bullish momentum for its recovery, approaching from leaning on its EMA50’s support, providing strong chance for its recovery.

(Gold) fluctuated on the last intraday levels, to gather its bullish, momentum that might help it to recover and rise again, taking advantage of the dynamic support that is represented by its trading above EMA50, under the dominance of the main bullish trend on the short-term basis, accompanied by the emergence of the positive signals from the relative strength indicators.

The (EURUSD) declined in its last intraday trading, breaking 1.1655 support, this support represents our expected target, amid its trading within bearish corrective channel’s range that limits its previous trading on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, on the other hand, we notice the emergence of positive overlapping signal on the relative strength indicators, after reaching oversold levels, which might reduce the losses temporarily.

Litecoin (LTCUSD) price recorded stability on gains in its latest intraday trading, as the price attempts to recoup part of its previous losses while also trying to unwind some of its clear oversold conditions on the RSI, especially with the beginning of incoming positive signals. However, the price remains under continued negative pressure from trading below its SMA50, which limits recovery prospects in the near term, particularly under the dominance of the main downward trend, with price action moving along a short-term minor trend line.

Therefore we expect the cryptocurrency price to decline in upcoming intraday trading, as long as the $76.95 resistance level remains intact, to target the $72.35 support level.

Today’s price forecast: Bearish