The pair extended bullishness and is approaching 224% correction at 105.60 showing on graph. Breaching the referred to level might extend the upside move towards 261.8% Fibonacci at 107.15 as long as the pair stabilizes above 104.60 this week. Of note, breaking 103.90 (the ascending channel support) will trigger the overbought signals showing on momentum indicators and a bearish wave with targets at 103.10 levels

The pair is trading above Linear Regression Indicators and above the previous top 1.6341 showing on graph, which is positive. Momentum indicators are showing a negative bias specifically Stochastic. Therefore, the possibility of extending the upside move requires breaching 161.8% Fibonacci represented in 1.6510, as breaching the referred to level might extend bullishness towards 1.6665 levels at 200% Fibonacci followed by 224% correction at 1.6765. We should not ignore that failing to stabilize above 1.6510 could cancel the upside move and trigger a bearish correction this week.

WTI Crude Oil extends the upside, after breaking and settling above 99.00 resistance level, and the 200-days SMA, and that hints further upside in the near term, any downside pullback should be considered a new buying opportunity so long as the 200-days SMA is holding back downside attempts.

Silver is moving back lower after testing the descending resistance of the recent consolidation range, as shown on the four-hour chart above. The price is retesting the middle of the range at 19.70 area, a break blow this support may signal a move towards the bottom of this range.