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Crude Oil Price Deepens Its Losses – Analysis – 05-08-2026
Crude Oil continued its decline during the latest intraday trading session, breaking below the $75.00 support level, which was our expected target in previous analysis, amid the dominance of the short-term corrective bearish trend, with price continuing to move along a trend line that confirms the strength of the current path.
Negative pressure also persists as the price continues to trade below EMA50, which remains a dynamic resistance level. However, the relative strength indicators reached deeply oversold territory, which may slow the pace of the decline and allow for limited technical rebounds before the broader bearish trend resumes.
Silver Attempts to Ease Overbought Conditions –Analysis – 05-08-2026
Silver remains on a series of consecutive gains during its latest intraday trading, with price action showing signs of consolidation as it attempts to ease part of the overbought conditions indicated by the relative strength indicators, particularly after the emergence of negative signals that may temporarily moderate the pace of the advance.
MoreGold Pulls Back Affected by a Key Resistance – Analysis – 05-08-2026
Gold edged lower during its latest intraday trading after encountering the key resistance level at $4,100, prompting a phase of renewed positive momentum accumulation. At the same time, the relative strength indicators attempt to ease overbought conditions and began generating negative signals that may temporarily slow the pace of the rally in the short term.
MoreEURUSD Extends Its Gains – Analysis – 05-08-2026
The EURUSD pair continued its series of consecutive gains during its latest intraday trading, supported by sustained trading above EMA50, which continues to act as dynamic support, reinforcing the stability of the short-term bullish corrective trend.
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