Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Evening update for crude oil -29-05-2026

Economies.com
2026-05-29 16:41PM UTC

Crude oil prices declined during recent intraday trading, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure, despite the emergence of positive overlapping signals on the relative strength indicators after reaching oversold levels, as a clear signals for the price momentum to decline in the upcoming near period.

 

 

Evening update for gold-29-05-2026

Economies.com
2026-05-29 16:39PM UTC

Gold prices extended its gains during recent intraday trading, affected by breaching bearish corrective trend line on the short-term basis, supported by its continued trading above EMA50, reinforcing the strength of the positive momentum, on the other hand, we notice the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, which might reduces the upcoming gains and cause temporary fluctuation.

 

 

 

Evening update for EURUSD-29-05-2026

Economies.com
2026-05-29 16:38PM UTC

 

The EURUSD pair rose during its latest intraday trading, breaching the key resistance level at 1.1660, supported by its trading above EMA50, and the dominance of minor bullish wave on the short-term basis, after offloading some of its overbought conditions on the relative strength indicators, opening the way for extending its gains in the upcoming near period.

 

 

Forecast update for Ethereum -29-05-2026

Economies.com
2026-05-29 12:19PM UTC

Ethereum price (ETHUSD) declined during its recent intraday trading, amid the dominance of the main bearish trend, moving alongside a minor supportive trendline for this downward path, with the continuation of the negative pressure from trading below its EMA50, which reduces the chances of a full recovery in the near term, especially as a negative crossover has started to appear on the relative strength indicators after reaching heavily overbought levels. This increases the downside pressure surrounding the price in the coming period.