The price of (Silver) rose in its last intraday trading, supported by its continuous trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the beginning of negative overlapping signals on the (RSI), after reaching overbought levels, which might force the price to bounce lower to offload this overbought condition and gathering the positive momentum.

The price of (Gold) soars high in its last intraday trading, affected by a positive push after its lean on the support of its EMA50, providing positive momentum that assisted it to achieve the strong gains, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate the upside track especially when reaching near critical resistance.

The price of (EURUSD) rose in its recent intraday levels, approaching from retesting the critical resistance level at 1.1655, accompanied by reaching the resistance of its EMA50, the (RSI) reach to overbought levels puts it under negative pressure, with the beginning of negative overlapping signals appearance on the short-term basis and its trading alongside a bias line.

Coffee prices repeatedly provided positive closes above the critical support near 275.90, to notice forming several bullish waves, to settle within the minor bullish channel’s levels that its support is located near 297.35, to begin recording gains by reaching 309.10.

The stability within the bullish channel’s levels and providing positive momentum by stochastic will reinforce the chances for recording extra gains by its rally to 317.60, then attempts to press on 38.2%Fibonacci correction level at 327.40.

The expected trading range for today is between 299.00 and 317.60.

Trend forecast: Bullish