Crude oil prices rose during its last intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, attempting to recover some of its previous losses, amid the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of a full recovery on the near-term basis, especially with the dominance of the bearish corrective trend on the short-term basis.

Gold price declined in its last intraday trading, with the beginning of the negative signals emergence from the relative strength indicators, after offloading the oversold conditions, to complete its attempts of gaining bullish momentum that might help it to recover and confirm breaching the stubborn resistance at $4,800, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the stability of the bullish corrective trend on short-term basis.

The EURUSD pair declined in its last intraday trading, affected by the stability of the resistance level at 1.1790, with the emergence of negative signals from the relative strength indicators, attempting to gain bullish momentum that might help it to recover and rise again, amid the dominance of the main bullish trend on short-terms basis, with the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the chances of its recovery.

Cardano (ADA/USD) price jumped in its latest intraday trading, after leaning on the support of its 50-day SMA. This provided the coin with positive momentum that helped it recover, amid the influence of its earlier breakout from a minor descending price channel that had limited its previous short-term movements. In the background, positive signals continue to emerge from the Stochastic indicator, despite reaching extremely overbought levels.

Therefore, we expect the cryptocurrency price to rise during its upcoming intraday trading sessions, especially as long as it remains stable above 0.2395, targeting the key resistance level at 0.2500.

Today’s price forecast: Bullish