US crude oil prices edged lower in the intraday levels, while trading alongside a secondary downward trend line in the short term, with negative signals streaming out of the Stochastic after reaching overbought levels compared to the price’s movements, hinting at negative divergence.

Silver prices fell in the intraday levels amid attempts to gather momentum to rebound anew, while trading within a secondary ascending price channel in the short term, with momentum underpinned by trading above the 50-candle SMA. 

Gold prices fell in recent  trading after reaching the price target that we laid out yesterday at $3055, with the price now collecting profits and gathering momentum to maintain its movement within the ascending price channel, while also trying to vent off overbought saturation in the  Stochastic.

Even as natural gas prices weakened recently, major indicators continue to produce positive signals, with the price managing to surpass the obstacle at $4.180, opening the door for more gains to come. 

As the Stochastic approaches the 80 levels, the price will get further momentum and heads towards the target of $4.280 then $4.450.

Expected trading range today is between $4,150 and $4.280.

Today’s price forecast: Bullish