Crude Oil posted modest intraday losses as price action remained weak, with selling pressure continuing to dominate the short-term outlook.

The decline comes as relative strength indicators begin to show a bearish crossover after reaching overbought levels, signaling fading bullish momentum and increasing the likelihood of a renewed downside move. Meanwhile, the EMA50 continues to act as dynamic resistance, with prices remaining below it, reinforcing the bearish outlook and supporting the potential for further losses.

Silver experienced fluctuating trading at its last intraday levels, as cautious market sentiment persists, while selling pressure remains the dominant force driving short-term price action.

The trading still below the EMA50, which continues to act as dynamic resistance and limits the chances of a sustainable recovery, beside the continuation of the bearish trend dominance. Meanwhile, relative strength indicators have formed a bullish divergence after reaching deeply oversold levels, accompanied by a bullish crossover. This may allow silver to take breath or perform a limited corrective rebound; however the overall technical outlook remains bearish unless key resistance levels are broken.

Gold extended its intraday decline, approaching a break below the key psychological support level of $4,000 amid the continuation of the selling pressure dominance, putting this key level under increasing pressure and raising the likelihood of a continued bearish trend.

Gold also remains below the EMA50, which acts as dynamic resistance and reinforces the stability of short-term bearish trend. Meanwhile, relative strength indicators began to show a bullish crossover after reaching deeply oversold levels, which could slow the pace of losses or trigger a limited corrective rebound.

The EURUSD pair witnessed slight intraday losses after failing to breach the key resistance at 1.1430, which limited the attempts to rise, accompanied by testing  EMA50’s resistance, increasing selling pressure on the pair.

At the same time, relative strength indicators have started to produce a bearish crossover after reaching overbought levels, pointing to weakening bullish momentum and raising the chances of sellers regaining control.