Crude oil prices surged higher in its latest intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, to breach bearish corrective trend line on the short-term basis, in a major step to get rid of the negative pressure, reaching EMA50’s resistance currently, in attempt to recover in the upcoming period.

Gold price declined during its latest intraday trading, to surpass EMA50’s support, which puts it under negative pressure that led it to deepen its losses, on the other hand, we notice the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, keeping the likelihoods of the price recovery valid if it kept the near support intact, especially with the dominance of the bullish corrective trend on short-term basis.

The EURUSD pair declined during its latest intraday trading , amid the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, surpassing EMA50’s support, facing negative pressure in the upcoming near period, which might push it to continue its attempts to look for a new higher low, keeping the bullish corrective trend valid, and the likelihood of the pair recovery remains valid.

Ethereum Classic (ETC/USD) price declined in its latest intraday trading after colliding with the resistance of its 50-day SMA. The price is currently attempting to gain positive momentum to overcome this negative pressure, while simultaneously trying to ease some of its clear overbought conditions indicated by the Stochastic indicator, especially as negative signals emerge from it. This occurs amid the dominance of a short-term bullish trend as the price moves alongside a trendline supporting this path.

Therefore, our expectations lean towards a rise in the cryptocurrency price during its upcoming intraday trading, as long as the support level at 8.15 remains intact, targeting the key resistance level at 8.75.

Expected trend for upcoming trading: Bullish