Crude oil prices rose during recent intraday trading, approaching from recovering all its early losses, despite these gains, it remains under negative pressure due to its trading below EMA50, with the dominance of the bearish corrective trend and its trading alongside minor trend line on the short-term basis, besides the emergence of the negative signals from the relative strength indicators, which might end the attempts of quick recovery.

Gold prices kept fluctuating during recent intraday trading, supported by the emergence of the positive signals from the relative strength indicator, after reaching oversold levels, which helped it to settle against the negative pressure that is represented by its trading below EMA50, with its stability below $4,100 to confirm breaking it.

The EURUSD pair declined during its latest intraday trading, getting ready to break the key support at 1.1500, which represented an expected target in our previous analysis, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength and stability of the main bearish trend on the short-term basis, besides the negative signals of the relative strength indicators.

Ethereum Classic (ETCUSD) price remains on cautious gains in its latest intraday trading, supported by positive signals from the Stochastic indicators. However, these gains have pushed the cryptocurrency into testing the resistance of its 50-day SMA, which threatens the sustainability of the rebound and leaves the price vulnerable to a bearish reversal. This comes while the main short-term trend remains bearish, with the price continuing to move alongside a trend line supporting that downward path, limiting the chances of a full recovery in the near term.

Therefore we expect the digital currency price to decline in its upcoming intraday trading, as long as it remains below the $7.10 resistance level, targeting the important support level at $6.50.

Today’s price forecast: Bearish.