The (crude oil) deepened its losses in its last intraday trading, amid the dominance of a bearish correctional wave on the short-term, affected by breaking a minor bearish bias on the short-term basis, the price success in offloading some of its clear oversold conditions on the (RSI) pushed the price for more of the intraday losses, opening the way for recording more of the losses. 

The (Gold) rose in its last intraday trading, after reaching our morning target at the main support at $3,300, providing positive momentum with the reach of the (RSI) to oversold levels, to notice the beginning of positive overlapping signals appearance, which increases the temporary positive momentum around the price, amid the dominance of bearish correctional wave on the short-term basis and its trading alongside a bias line.

The (EURUSD) returned to rise in its last intraday trading, after the price success in gathering its gains and offloading some of its clear overbought conditions on the (RSI), to settle above the critical resistance level at 1.1600, to confirm breaching it, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.

International Paper Company’s stock price (IP) rose in latest intraday trading, in an attempt to recoup some recent losses, while also venting off oversold saturation in the Stochastic as positive signals stream from it, with the dominance of the downward correctional trend in the short term, with a dynamic resistance hindering the stock’s advance, which is trading below the 50-day SMA.

Therefore we expect the price to decline in upcoming trading and target the important support of $43.65, provided the resistance of $48.25 holds on.

Today’s price forecast: Bearish