Crude Oil price surged higher during its recent intraday trading, with the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, to surpass EMA50 resistance, as a clear signals for the positive momentum, which might help it to surpass its negative pressure and extend these gains in the upcoming near period.

Silver price declined during its recent intraday trading, affected by the formation of a negative divergence on the relative strength indicators after reaching excessively overbought levels compared to price movement, alongside the emergence of negative signals from these indicators. This ended the price’s previous recovery attempts, amid the dominance of a steep short-term corrective bearish wave, while continued trading below the EMA50 maintains negative pressure on the price, further reinforcing the bearish outlook.

Gold price declined during its recent intraday trading, preparing to break below the $4,500 support level, as a negative divergence has formed on the relative strength indicators after reaching heavily overbought levels in an exaggerated manner compared to price movement, while negative signals continue to emerge from these indicators, increasing the negative pressure on price action. This occurs amid the dominance of the short-term corrective bearish trend, alongside continued negative pressure from trading below the EMA50, which reduces the chances of a near-term recovery.

The EURUSD pair experienced strong volatility during its recent intraday trading, touching the 1.1590 support level, which was our expected target in the morning forecast, providing positive momentum that helped it rebound quickly higher, before pulling back again under continued negative pressure from trading below the EMA50, alongside the emergence of a negative crossover on the relative strength indicators after reaching overbought levels, while the short-term corrective bearish trend remains dominant.