|
Forecast update for crude oil -07-04-2026
Crude oil (Crude Oil) resumed its upward movement during its latest intraday trading, recovering much of its earlier losses for the day. This comes amid attempts to break the strong resistance level at $105.00, supported by continued trading above EMA50 which reinforces the stability and dominance of the main bullish trend in the short term.
However, on the other hand, negative signals are beginning to emerge from the relative strength indicators after reaching overbought levels, which may act as a barrier to further gains in the near term unless the price manages to break that resistance.
Thanks for your feedback.
Forecast update for silver -07-04-2026
Silver witnessed fluctuating trading within a narrow sideways range in its recent intraday levels, remaining supported by its EMA50, as it continues attempts to gain positive momentum that may help it maintain the prevailing upward trend in the short term.
MoreForecast update for gold -07-04-2026.
Gold rose in its recent intraday trading, drawing momentum from its steady movement along a short-term bullish corrective trendline. This bullish path is further supported by its stability above EMA50, which acts as an effective dynamic support and keeps buying pressure in place.
MoreForecast update for EURUSD -07-04-2026.
The (EURUSD) is stabilizing after achieving strong gains during its latest intraday trading, benefiting from dynamic support represented by trading above EMA50. Positive signals also emerging from the relative strength indicators, after the pair managed to ease its previous overbought condition, giving it room to achieve further gains in the near term.
More