The (crude oil) price is experiencing mixed trading on its last intraday levels, attempting to recover some of its previous losses, affected by breaking main bullish trend line on short-term basis, with its trading below EMA50, which represents dynamic resistance that prevents its recovery on the near-term basis, besides the emergence of the negative signals from the relative strength indicators, after reaching overbought levels.

Gold’s price declined in its last intraday trading, after reaching $4,500 key resistance, to gather the gains of its last rises and attempts to gain bullish momentum that might help it to breach this resistance, with the beginning of bullish corrective wave that is supported by the emergence of positive signals from the relative strength indicators, after reaching oversold levels.

(EURUSD) prices are witnessing some limited downside moves in their last intraday trading, keeping their previously achieved strong gains, supported by its trading above EMA50, with the emergence of positive signals from the relative strength indicators, after reaching oversold levels.

Monero (XMRUSD) price recorded gains in its latest intraday trading, supported by rebounding from the support of its 50-day SMA, which provided positive momentum that helped drive these gains in a key step toward regaining its recovery. This comes amid the dominance of a short-term primary bullish trend, with price moving alongside a supporting trendline. The advance also followed the easing of overbought conditions on the Stochastic indicator, giving the cryptocurrency more room to extend its gains in the near term.

Therefore we expect the cryptocurrency price to rise during its upcoming intraday trading sessions, as long as it remains stable above the support level at $350.00, targeting the key resistance level at $375.00.

Today’s price forecast: Bullish