The (crude oil) extended its gains in its last intraday trading, amid its continued trading above EMA50, with the emergence of the positive signals on the (RSI), despite reaching overbought levels, which might decrease the gains temporarily, all that come amid the main bullish trend on the short-term basis and its trading alongside a bias line.

The (Gold) witnessed fluctuated trading in its last intraday trading, where it declined to lean on the support of its EMA50, providing positive momentum that assisted it to rise higher again, amid the dominance of the of the bullish correctional trend on the short-term basis and its trading alongside bias line, with the emergence of the positive signals on the (RSI), after reaching oversold levels.

The (EURUSD) declined in its last trading on the intraday trading, affected by the stability of the critical resistance level at 1.1550, with the emergence of the negative signals on the (RSI), despite reaching oversold levels, to lean on the support of its EMA50.

Flow/USD price fell in latest intraday trading amid the dominance of the downward short-term trend, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the Stochastic after reaching overbought levels. 

Therefore we expect more losses for the price, especially if the current resistance of $0.339 is breached, targeting the next one at $0.302.

Today’s price forecast: Bearish