Crude oil price slipped lower in its last intraday trading, due to the stability of the resistance at $94.70, accompanied by forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of the negative signals from them, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure on the price.

Gold extended its gains in its last intraday trading, preparing to reach $4,800 key resistance level, supported by its continued trading above EMA50, reinforcing the stability of the bullish corrective trend on the short-term basis, noticing the emergence of the positive signals from the relative strength indicators, after reaching oversold levels.

(EURUSD) prices rose in their last trading on the intraday basis, taking advantage of the positive signals from the relative strength indicators, after forming positive divergence that helped the pair to gain more bullish momentum, amid the dominance of the bullish corrective trend on the short-term basis, with the continuation of the positive pressure due to its trading above EMA50.

Monero (XMRUSD) price resumed its decline in its latest intraday trading, continuing its attempts to gain positive momentum that could help it recover and move higher again. The price is currently resting on the support of its 50-day SMA, while being affected by its earlier breakout from a descending price channel that had limited its short-term movements. This comes as positive signals begin to emerge from the Stochastic indicator after reaching deeply oversold levels.

Therefore we expect the cryptocurrency price to rise during its upcoming intraday trading sessions, as long as support at $320.00 remains intact, targeting the resistance level at $347.50.

Today’s price forecast: Bullish