US crude oil prices kept rising in intraday trading, amid the dominance of the upward correctional trend in the short term, as the price moves alongside the trend line, with the gains achieved despite a stream of negative signals from the Stochastic, with the price attempting to vent off overbought saturation there.

Gold prices extended their gains in intraday trading, buoyed by positive signals from the Stochastic after forming a positive divergence, while the price leaned on the support of the 50-candle SMA, underpinning the price even further.

The EUR/USD price fell in recent intraday trading, amid the dominance of the downward correctional wave in the short term, with negative pressure due to trading below the 50-candle SMA, coupled with negative signals from the Stochastic despite reaching oversold levels.

Natural gas price was little changed as it stabilized below the $4.180 barrier, with the $4.050 level representing an extension to the support of the breached ascending channel, with the price now engaging in sideways trading near $3.920.

Our negative outlook holds for the time being, with the price potentially heading towards the support of $3.750, with a breach opening the door for more losses towards $3.650 then $3.520. 

Expected trading range today is between $3.750 and $4.050.

Today’s price forecast: Transiently Bearish