Evening update for Crude oil -17-09-2026

Gold surged higher in its latest intraday trading, benefiting from positive signals emerging from the relative strength indicators and the stability of the key support at $4,300. This provided the price with positive momentum that helped it break above a short-term corrective bearish trendline, coinciding with its ability to surpass the resistance of EMA50, paving the way for further gains in the coming period.

EURUSD declined in its latest intraday trading, after managing to ease some of its oversold conditions on the relative strength indicators, allowing bearish pressure to return. The pair is moving within a short-term corrective bearish trend, with continued negative pressure stemming from trading below EMA50, which reinforces the bearish pressure and reduces the chances of a full recovery in the near term.

Solana (SOLUSD) extended its gains in recent intraday trading, supported by the continued stability of the key support level at $97.00, which provided the cryptocurrency with positive momentum that was further strengthened by fresh bullish signals from the momentum indicators. However, the price has now encountered resistance at its 50-period Simple Moving Average (SMA), threatening to reverse those gains in the near term. Momentum indicators have also entered extremely overbought territory relative to the price action, suggesting that a bearish divergence may be starting to form, particularly as a bearish crossover begins to emerge. Meanwhile, the short-term bearish corrective trend remains in control.