Crude Oil prices recorded a series of sharp losses during recent intraday trading, breaking below the $93.00 support level, which had been a price target in our morning analysis. This decline comes amid the impact of breaking a short-term ascending trendline, along with ongoing negative and dynamic pressure as the price trades below the EMA50. Additionally, negative signals are emerging from relative strength indicators, despite reaching heavily oversold levels.

Silver extended its gains during recent intraday trading, successfully breaking above the key resistance level of $76.55. This move is supported by its trading above the EMA50, which provides renewed positive momentum, along with continued positive signals from relative strength indicators, despite them reaching heavily overbought levels. This comes after the price also managed to break a short-term descending trendline.

Gold continued its upward movement during recent intraday trading after breaking  a short-term descending price channel that constrained its previous movement. This breakout coincided with the price overcoming the negative pressure from the EMA50, giving it additional positive momentum and enabling it to break above the $4,700 resistance level. Positive signals are also emerging from relative strength indicators, despite reaching heavily overbought levels.

The EURUSD pair extended its strong gains during its recent intraday trading, approaching the resistance level of 1.1790, which had been a price target in our morning analysis. This move is supported by the pair’s continued trading above the EMA50, reinforcing the stability and dominance of the main short-term bullish trend. The price is also moving alongside a supportive trendline for this upward path. In the background, positive signals are emerging from relative strength indicators, despite them reaching heavily overbought levels.