The (crude oil) declined in its last intraday trading, despite the emergence of the positive signals on the (RSI), after reaching oversold levels, to indicate ending the bullish momentum, amid the continuation of the negative pressure due to its trading below EMA50, to confirm breaking a main bullish trend line on the short-term basis.

The (Gold) declined in its last intraday trading, to lean on the support of its EMA50, amid its attempts to gain bullish momentum that might assist it to recover and rise again, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis.

The (EURUSD) declined in its last intraday trading, to break the support level that represented our morning target at 1.1635, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure due to its trading below EMA50.

Stellar’s currency price (XLMUSD) declined in latest intraday trading, after holding below the current resistance level of $0.514783, as the price takes profits from recent gains. At the same time, it attempts to vent off some of its apparent overbought saturation on the Stochastic, especially with negative signals starting to emerge. This could allow the price to gather positive momentum once again, amid the dominance of a strong short-term upward correctional wave.

Therefore we expect the currency to rise in upcoming intraday trading, especially if it breaks above the mentioned resistance of $0.514783, targeting the pivotal resistance level of $0.605416.

Today’s price forecast: Bullish