The (crude oil) witnessed fluctuated trading in its last intraday levels, amid the continuation of the negative pressure that comes from its trading below EMA50, with its trading alongside a main bullish trend line on the short-term basis, with the beginning of forming positive divergence on the (RSI), after reaching oversold levels, exaggeratedly compared to the price move, with the beginning of the positive signals from there.
The (Gold) rose strongly in its last intraday trading, to reach our morning suggested target at the main resistance of $3,400, amid the dominance of the bullish trend and its trading alongside a minor bias line on the short-term basis, with the emergence of the positive signals on the (RSI), despite reaching overbought levels.
The (EURUSD) extended its gains in its last intraday levels, to breach the bearish correctional trend line on the short-term basis, accompanied by surpassing the resistance of its EMA50, releasing its negative pressure at once, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels.
Shiba Inu (SHIBUSDT) edged slightly lower in its latest intraday trading, as the price attempts to gather positive momentum that could help it break through the key resistance level at 0.00001605. At the same time, it is working to relieve its clearly overbought RSI conditions, particularly as bearish signals begin to emerge. Despite this, positive support continues from trading above the 50-day SMA, while the prevailing short-term trend remains bullish with movement along an ascending trendline.
Therefore we expect the price to rise in upcoming intraday sessions, especially if it breaks above the 0.00001605 resistance level, targeting the next resistance at 0.00001765.
Expected trend for upcoming trading: Bullish.