Crude Oil price witnessed fluctuated trading on its last intraday levels, after its attempt to recover some of its clear oversold conditions on the relative strength indicators, especially with the beginning of positive overlapping signals emergence from them, and the price remains under negative pressure due to its trading below EMA50, with the dominance of a minor bearish wave on the short-term basis.

Gold declined in its recent intraday trading, due to the stability of the resistance level at $4,100, attempting to gain a bullish momentum that might help it to breach this resistance, to attempt to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the dominance of the bullish corrective trend on the short-term basis, with the continuation of the positive support that comes from its trading above EMA50, reinforcing the chances of moving higher in the upcoming near period.

EURUSD price slipped lower in its last intraday trading, amid the dominance of the main bearish trend on the short-term, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure on the pair, with the emergence of negative signals from the relative strength indicators, after forming negative divergence that increases the likelihoods of deepening the losses in the near upcoming period.

XRP (XRPUSD) moved lower in recent intraday trading after encountering resistance at its 50-period Simple Moving Average (SMA), which has reinforced the prevailing downside pressure. This negative bias has been further strengthened by fresh bearish signals from momentum indicators after they reached overbought territory. The cryptocurrency has also come under pressure following its breakout below a short-term ascending price channel that had previously contained its upward movement, increasing the likelihood of further losses in the near term.

Therefore, our outlook remains bearish for the cryptocurrency's upcoming trading sessions, as long as resistance at $1.1135 remains intact. Under this scenario, the price is expected to target the key support level at $1.0800.

Today's price forecast: Bearish.