The price of (silver) extended its strong gains in its last intraday trading, taking advantage of the positive signals from relative strength indicators, to surpass EMA50’s resistance, getting rid of its negative pressure and reinforcing the chances of achieving more gains in the upcoming period, amid the dominance of minor bullish wave on the short-term basis.

The price of gold extended its gains in its last intraday trading, benefiting from the dynamic support that is represented by its trading above EMA50, under the dominance of minor bullish wave on short-term basis, especially with its trading alongside supportive trend line for this track, besides the emergence of positive signals from relative strength indicators, despite reaching overbought levels, which might limit the price ability to extend its gains on near-term basis.

The price of EURUSD declined in its last intraday trading, after achieving early gains for today, to keep moving in tight sideways range trading, amid its attempts to gains bullish momentum that might help it to recover and rise again, amid its trading above 1,1900, supported by its continued trading above EMA50, besides the emergence of positive signals from relative strength indicators, after reaching oversold levels.

The coffee price confirmed its surrender to the previously suggested bearish bias dominance, by surpassing 316.00 level, to suffer extra losses to settle near 293.00.

Stochastic stability within the oversold level will increase the negative pressure on the current trading, to keep preferring the bearish bias dominance, to expect reaching 284.00 then attempts to press on the main support at 276.00.

The expected trading range for today is between 284.00 and 310.00

Trend forecast: Bearish