Crude oil price broke 77.24$ level strongly to confirm the continuation of the bearish trend domination on the intraday and short-term basis, and the way is open to achieve our next target at 75.50$, noting that breaking it will push the price to suffer additional losses that reach 74.00$ as a next negative station, while holding below 77.24$ represents initial condition to achieve the suggested targets.

Silver price trades with strong negativity to break 27.62$ and attempts to hold below it, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, opening the way to achieve our next targets that start at 27.00$ and extend to 26.12$, noting that the price needs to hold below 27.62$ as a first condition to the continuation of the expected decline.

The EURUSD price managed to touch our first target at 1.0806$ and finds solid support there, to show some slight bullish bias, waiting to break this level to open the way to visit 1.0774$ as a next negative station, reminding you that the continuation of the bearish wave depends on the price stability below 1.0880$.

Baidu’s stock price (BIDU) inched up in the intraday levels while trying to recoup some recent losses, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

Therefore we expect the stock to return lower, targeting the support of $81.00, provided the resistance of $94.25 holds on.

Trend forecast: Likely Bearish