The price of (crude oil) declined in its recent intraday trading, amid the emergence of the negative signals on the (RSI) after reaching overbought levels, attempting to look for a higher low to take it as a base that might assist it to gain the required positive momentum to recover, amid the dominance of the main bullish trend on the short-term basis alongside the bias line, with the continuation of the positive support that comes from its trading above the EMA50.

The price of (Silver) rose in its last intraday trading, after getting a strong bullish push due to its lean on the support of its EMA50, accompanied by the stability of the key support at $35.90, providing positive momentum that assisted it to bounce quickly, with the emergence of the positive signals on the (RSI), after reaching oversold levels.

The price of (Gold) rose in its last intraday trading, after it declined in its early trading in a sudden and quick move, to lean on the support of its EMA50, providing a base that make it gain a positive momentum that assisted it to bounce higher on the short-term basis and its trading alongside a bias line, on the other hand, we notice the reach of the (RSI) to overbought levels, with the beginning of negative overlapping signals appearance, which might cause some fluctuation and delays the rise unless offloading this overbought conditions.

The price of (EURUSD) extended its gains in its recent intraday levels, breaching our morning target at the resistance level of 1.1550, reinforcing the strength of the bullish trend on the short-term basis, supported by the pair’s move alongside a bullish bias line, and its stability above EMA50.

This rise came despite entering the overbought levels by the (RSI), which shows the supported strong momentum for the bullish track, you should be aware of the possibility of the emergence of short-term basis correctional waves if the pair failed to keep the stability above the breached resistance.

Therefore, our expectations suggest the continuation of the (EURUSD) price’s rise in its upcoming intraday trading, especially when it settles above 1.1550, to target the initial resistance at 1.1650.

Expected trading range for today: Between the support at 1.1530 and resistance at 1.1650

Today’s forecast: bullish