Crude Oil rose slightly in its latest intraday trading, to keep moving within tight sideways range, in attempt to gain the required bullish momentum, with the continuation of the key resistance stability at $79.00 against the breaching attempts.

Despite this fluctuation, the technical scenario prefers the positivity with the continuation of the bullish corrective wave on the short-term basis, besides its trading above EMA50, which represents a dynamic support that reinforces the chances of continuing the rise.

Silver settles on series of consecutive losses in its latest intraday trading, approaching gradually from the key support of $55.00, which represents our last expected target in the previous analysis, with the dominance of the main bearish trend on the short-term basis.

The price moves alongside supportive minor trend line for this bearish trend, accompanied by the trading below EMA50, which acts as a dynamic resistance and limits the chances of sustained recovery in the near period. These factors keep the technical selling pressures valid, where breaking the current support might extend the decline towards lower support levels.

Gold witnessed limited gains in its latest intraday trading, attempting to recover some of its previous losses, accompanied by its attempt to offload the oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals from them, providing limited support for the price.

Despite this improvement, the technical scenario prefers the negativity, with the stability of gold below the psychological barrier at $4,000 and its trading below EMA50, which forms a dynamic resistance that reinforces the strength of the main bearish trend on the short-term basis, where the price keeps moving alongside bearish trend line, keeping the recovery chances limited unless it manages to regain the key technical resistance levels.

The EURUSD pair rose slightly its recent intraday sessions, as the key support level of 1.1430 proved its strength, providing bullish momentum that helped it stop its last losses while attempting to form a new higher low that might help it form a base to rally and resume the recovery.

The pair is benefiting from the dynamic support that comes from its trading above EMA50, with the dominance of bullish corrective wave on the short-term basis, reinforcing the chances of resuming the rise if the price settles above the current support levels, as the relative strength indicators have reached severe oversold levels, indicating the beginning of forming positive divergence.