The (crude oil) witnessed fluctuated moves on its last intraday levels, with its attempts to gain bullish momentum that might help it to recover and rise again, amid the dominance of the bullish correction trend on the short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, besides the emergence of the positive signals on the relative strength indicators, after reaching oversold levels.
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The (Gold) price declined in its last intraday levels, under the negative pressure of the EMA50, which increases the chances of extending its losses on the near-term basis and the continuation of the bearish correctional wave on the short-term basis, despite the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, indicating the strength of the bearish momentum around the price.
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The (EURUSD) supported by its lean on the support of its EMA50, gaining some bullish momentum that helped it to achieve slight gains on its last intraday levels, especially with the positive divergence on the relative strength indicators, after reaching oversold levels, exaggeratedly compared to the price movement, with the emergence of the positive signals from them, amid the dominance of the main bullish trend on the short-term basis.
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Litecoin (LTCUSD) held lower in recent intraday trading, finding support at the 50-day SMA while attempting to build positive momentum for a recovery. The cryptocurrency is still under a short-term ascending trend with movement along a supportive line, though RSI indicators show negative signals after reaching overbought zones.
Therefore, we expect the price to rise in the upcoming sessions, as long as it holds above 112.00, targeting the key resistance at 121.00.
Today’s price forecast: Bullish.