Brent crude oil prices fluctuated in its last intraday trading, attempting to offload its oversold conditions on the relative strength indicators, with the emergence of positive signals from them, attempting to recover some previous losses, amid the dominance of the main bearish trend on the short-term, with its trading below EMA50, representing extra negative pressure.

Ethereum (ETHUSD) declined during recent intraday trading, affected by the stability of the key resistance at $1,800, with the emergence of the negative signals from the relative strength indicators, attempting to gain bullish momentum that might help it to breach this resistance, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, which reinforces the dominance and stability of the bullish corrective trend on the short-term basis, with the trading alongside supportive trend line for this path.

The GBPCAD pair’s price has recently formed several bullish waves, as we notice it is currently positioned above the main ascending channel support extending toward 1.8745. It is attempting to regain the bullish path by achieving some gains, given its current position near 1.8800.

Repeated stability above the previously mentioned support, along with the main indicators attempting to provide positive momentum, will increase the effectiveness of the bullish path. We expect the price to target the 1.8870 level soon and then pressure the recent high formed near 1.8910.

The expected trading range for today is between 1.8760 and 1.8870.

Trend forecast: Bullish

Despite the attempt of natural gas price to form some positive trades, its repeated positioning below the 55-period moving average, which acts as a strong barrier at 3.360$, supports the chances of the bearish path dominating the near-term trading.

Additionally, the Stochastic indicator’s exit from the overbought level will increase negative pressure on the current trades. Therefore, we maintain our bearish expectations, which may target the 2.920$ and 2.800$ levels respectively in the near term. As for activating a bullish attack, the price needs to form a strong positive surge and stabilize above the resistance level at 3.530$.

The expected trading range for today is between 2.920$ and 3.300$.

Trend forecast: Bearish