The price of (silver) witnessed fluctuating trading within limited range on its last intraday levels, attempting to gain bullish momentum to record new all-time highs, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and strength of the main bullish trend on short-term basis, especially with its trading alongside main and minor trend lines, noticing the emergence of positive signals from relative strength indicators after offloading its overbought conditions, opening the way for achieving new gains in the upcoming period.

The price of gold kept rising in its last intraday trading, amid full dominance for the main bullish trend on short-term basis, with its trading alongside main and minor trend lines, with the continuation of the positive pressure due to its trading above EMA50, on the other hand, we notice the emergence of negative signals from relative strength indicators, after reaching overbought levels, which reduced the last gains.

The price of EURUSD declined in its last intraday trading, amid the emergence of the negative signals from relative strength indicators, attempting to gain bullish momentum that might help it to recover and rise again, taking advantage of the dynamic support that is represented by its trading above EMA50, affected by exiting bearish corrective channel’s range that limited its previous trading on short-term basis.

Coffee price surrendered to the negative pressures by its stability below 377.20, activating the negativity of the main indicators by reaching 345.45.

The continuation of providing bearish momentum by the main indicators will push the price to provide strong pressure on the support base at 333.65 and breaking it will make us expect new bearish stations that might begin at 424.40 and 316.10.

The expected trading range for today is between 330.00 and 358.00

Trend forecast: Bearish