Crude Oil price continued its attempts to gain positive momentum that could help it breach the solid resistance level at $104.00, amid the dominance of the main short-term bullish trend, while positive pressure remains in place due to trading above the EMA50. However, the recovery attempt is being hindered by emerging negative signals from the relative strength indicators, forming a bearish divergence that may lead to limited corrective declines in the near term.

Gold price slipped lower during its latest intraday trading, preparing to break the key support level at $4,500, which was our morning expected target, amid the dominance of a short-term bearish corrective trend, while the price continues to trade below the EMA50, which is acting as a dynamic resistance and increasing the negative pressure on the market, with the emergence of positive signals on the relative strength indicators after reaching heavily overbought levels.

The EURUSD pair continued to decline during its recent intraday trading, reaching the 1.1590 support level, which was our previously expected targets, amid ongoing negative pressure caused by trading below the EMA50, reinforcing the stability and dominance of the short-term bearish corrective trend, especially as the pair continues to move alongside a steep minor bearish trend line, while relative strength indicators continue to provide negative signals.

Dash (DASHUSD) price declined in its latest intraday trading after facing resistance at its 50-day SMA, which reinforces the stability and dominance of the short-term corrective bearish trend, especially while moving alongside a trend line supporting this path. In the background, we notice the beginning of a negative crossover appearing on the Stochastic indicators after reaching deeply overbought levels, which increases the surrounding negative pressure on the price.

Therefore we expect the digital currency price to decline in its upcoming intraday trading, as long as it remains below the $44.20 resistance level, targeting the $37.15 support level.

Today’s price forecast: Bearish