Silver price declined sharply in its last intraday trading, to break the key support at $32.70, accompanied by surpassing the support of the EMA50, putting negative pressure besides the emergence of the negative signals on the (RSI).

gold price declined in its last intraday trading, to break a minor bullish bias on a short-term basis, increasing the negative pressures on its upcoming trading, especially with the emergence of the negative signals on the (RSI), with continuous negative pressure due to its trading below EMA50.

EURUSD price settled lower in its last intraday trading, affected by the continuous negative pressure due to its trading below the EMA50, and it remains below the key resistance at 1.1420, which limits its sideways trading on the short-term basis, on the other hand, we notice the emergence of positive overlapping signals on the (RSI), after reaching oversold levels, which might push to a potential bullish rebound to the mentioned resistance.

Coffee price provided several bullish trading, taking advantage of surpassing 23.6%Fibonacci correction level at 370.60, to enter the bullish channel’s levels and recording gains by hitting 418.35 level.

Depending on forming a main support base at 393.00 level, increasing the chances for renewing the bullish attempts, which might target 424.00 level reaching the historical top at 440.45.

The expected trading range for today is between 395.00 and 424.00

Trend forecast: Bullish