The (crude oil) price declined in its last intraday trading, amid the emergence of the negative signals from relative strength indicators, after reaching overbought levels, in attempt to look for a higher low to take it as a base that may help it gain the required positive momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on short-term basis.

Gold’s price continued its fluctuating trading on its last intraday levels, amid the continuation of the negative pressure due to its trading below EMA50, with the trading alongside minor bearish trend line on the short-term basis, intensifying the surrounded negative pressure, on the other hand, the main support of $5,000 remains stable against the downside movement, gaining renewed momentum that reinforces the emergence of the positive signals from the relative strength indicators, after reaching oversold levels. 

(EURUSD) price extended its gains in its last intraday trading, to correct the short-term bearish trend with its trading alongside supportive minor trend line for this path, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of sustainable recovery in the upcoming period, especially with the relative strength indicators reaching exaggerated overbought levels compared to the price move, indicating a quick decline in the positive momentum.

Solana (SOLUSD) price is holding on to strong gains in its latest intraday trading, as it attempts to attack the key resistance level at $93.70, benefiting from the positive and dynamic support represented by trading above its 50-day SMA. This comes amid the dominance of a short-term corrective bullish trend, with price moving alongside a minor trendline supporting this path. In the background, the RSI continues to show positive signals, although it has reached extremely overbought levels, which may limit the upcoming gains.

Therefore we expect the cryptocurrency price to rise during its upcoming intraday trading sessions, especially if it manages to break above the mentioned resistance at $93.70, targeting the main psychological resistance level at $100.00.

Today’s price forecast: Bullish