The (crude oil) deepened its losses in its last intraday trading, breaking the key support level at $62.00, amid the dominance of the bearish trend on a short-term basis, with the continuation of the negative pressure due to its trading below EMA50, preventing the price recovery in the last period, besides the emergence of the negative signals on the (RSI).
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The (Gold) price slipped lower in its last intraday trading, amid its trading within bearish correctional channel’s range on a short-term basis, with the continuation of the negative pressure due to its trading below EMA50, after offloading its clear oversold conditions on the (RSI), opening the way for recording more of the losses, breaking the support at $3,325 which represents our previous target.
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The (EURUSD) couldn’t keep its early gains, as it declined in its last intraday trading, after it succeeded in offloading clear oversold conditions on the (RSI), it is still under a negative pressure due to its trading below EMA50, on the other hand, the bullish correctional trend dominates the trading on the short-term basis.
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Polygon (MATICUSDT) price held higher in its latest intraday trading, under the dominance of a short-term bullish trend and moving along a supporting upward sloping line. The token is thus preparing to challenge the key and stubborn resistance level of $0.262, supported by dynamic backing from trading above its 50-day SMA, alongside the emergence of positive signals from the RSI indicators.
Therefore, we expect the token price to rise in its upcoming intraday trading, especially if it breaks through the mentioned resistance at $0.262, to then target the next resistance level at $0.306.
Today’s price forecast: Bullish