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Expected calm trades affected by the financial markets’ holidays.
The currencies pairs and commodities move within tight ranges, affected by the European and US markets holidays, therefore, the suggested scenarios in our previous reports will remain valid without any change, and we recommend reviewing it to check the expected targets and trends for the upcoming period.
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Evening update for Crude oil price 26-05-2023
Crude oil price shows additional bullish bias to move above the EMA50, which urges caution from the upcoming trading, as holding above it will push the price to push the price to achieve additional gains that reach 73.80, while consolidating below it will press on the price to resume the bearish wave that its targets start at 71.55 and extend to 70.00 after breaking the previous level.
MoreEvening update for Gold 26-05-2023
Gold prices declines again to trade below 1945.20 level, reinforcing the expectations of continuing the domination of the correctional bearish trend, which targets 1913.15 as a next station, reminding you that the continuation of the bearish depends on the price stability below 1945.20 and 1954.00 levels.
MoreEvening update analysis for the EURUSD 26-05-2023
The EURUSD pair trades with clear negativity now to break 1.0730 level and open the way to resume the expected bearish trend on the intraday and short term basis, motivated by the negative overlapping signal provided by stochastic now, reminding you that our next target is located at 1.0650, while achieving it requires holding below 1.0750.
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