Evening update for Crude oil -16-09-2026

Gold kept its early gains from today, benefiting from the stability of the key support at $4,300, with the emergence of the positive signals on the relative strength indicators, which entered overbought levels, threatening these gains by a bearish rebound, especially by reaching EMA50’s resistance, accompanied by testing a bearish corrective trend line on the short-term basis.

The (EURUSD) continued its sideways fluctuating trading on its latest intraday levels, with the stability of the key support at 1.1530, gaining bullish momentum to face the negative pressures, amid the emergence of the negative signals from the relative strength indicators, with the continuation of the negative pressure that comes from its trading below EMA50, which reinforces the stability and dominance of the bearish corrective trend on the short-term basis.

Ethereum Classic (ETCUSD) has been trading within a volatile intraday range as the key support level at $7.00 continues to hold, providing the cryptocurrency with some positive momentum as it attempts to recover part of its previous losses. The price is also trying to work off some of its clearly oversold conditions on the momentum indicators, particularly as fresh bullish signals begin to emerge. However, the short-term bearish corrective wave remains in control, while continued trading below the 50-period Simple Moving Average (SMA) maintains negative pressure, with the average acting as dynamic resistance and limiting the prospects for a full recovery in the near term.