The price of (silver) declined in its last intraday trading, to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from them, to gather its positive strength that helped it to recover and rise again, amid its trading above EMA50, which represents a dynamic support that reinforces the chances of the price recovery in the upcoming period, with the dominance of the bullish corrective trend on short-term basis, with its trading alongside supportive trend line for this path.

The price of gold settles on a rise in its last intraday trading, taking advantage of its trading alongside bullish corrective trend line on short-term basis, which led it to retest the key resistance at $5,200, accompanied by reaching EMA50’s resistance, intensifying the strength of this resistance, especially with the emergence of negative overlapping signals from the relative strength indicators, after reaching overbought levels, intensifying the negative pressure.

The price of EURUSD keeps its early gains for today, however it remains stable below the key resistance at 1.1650, accompanied by reaching EMA50’s resistance, intensifying the strength and dominance of this level as a resistance that detect the upcoming path on near-term basis, noticing the emergence of the negative signals from the relative strength indicators, after reaching overbought levels.

Coffee price succeeded in holding above the support level at 275.90 in the last trading, activating with stochastic positivity by forming strong bullish rally to achieve the initial main target by reaching 301.20 level.

The contradiction between the main indicators might force the price to provide sideways trading, to keep waiting for surpassing 301.00 level, and holding above it to provide strong chance for recording extra gains that might begin at 307.40 and 315.80.

The expected trading range for today is between 289.80 and 307.40

Trend forecast: Bullish