Evening update for crude oil -16-06-2026

Gold price rose in its last intraday trading, with the beginning of forming positive divergence after reaching oversold levels exaggeratedly compared to the price move, with the beginning of the positive signals emergence, to suggest entering a new bullish momentum that might push the price to target new resistance in the upcoming period, especially with ongoing dynamic support due to its trading above EMA50, with the dominance of strong bullish corrective wave on the short-term basis.

EURUSD rose in its last intraday trading, amid the dominance of bullish corrective wave on the short-term basis, affected by positive technical formation (double bottom pattern), besides the continuation of the positive pressure that comes from its trading above EMA50, with the emergence of positive signals from the relative strength indicators, after reaching oversold levels.

Stellar (XLMUSD) price advanced in its latest intraday trading, amid the dominance of a very strong short-term bullish wave. The cryptocurrency continues to trade above its 50-day SMA, which acts as a dynamic support level and strengthens the chances of extending its gains in the near term. In addition, a positive crossover has begun to emerge on the Stochastic indicators after the price successfully relieved its overbought condition, giving it more room to target higher resistance levels.