Silver prices attempted to recover some of its previous losses for today, supported by the emergence of positive signals from the relative strength indicators, after forming positive divergence that provided some positive momentum that helped it to achieve these cautious gains, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis, especially with its trading alongside supportive trendline for this path.

Gold fluctuated in recent intraday sessions with the attempts of offloading the oversold conditions of the relative strength indicators with the emergence of positive signals from them, besides its attempt to recover some previous losses, beside the dominance of the short-term main bearish trend, and its trading alongside main and minor bearish trend lines that support this path, with the continuation of the negative pressure that comes from its trading below EMA50, which prevents any sustainable recover attempt.

The EURUSD pair declined during its latest intraday trading session, as negative signals emerge from the relative strength indicators, with ongoing negative pressure due to its trading below EMA50, reducing the chances of its recovery on the near-term basis, especially with the dominance of the main bearish trend on the short-term basis, and its trading alongside supportive trend line for this path.

Following its recent bearish move, the coffee price touched the 242.40 level before forcing into sideways fluctuations, attempting to catch its breath and gather the additional negative momentum needed to resume bearish attempts in the near term.

If the price remains below the key resistance level at 275.80, with 257.00 acting as an additional barrier, these factors support expectations that the price will continue accumulating negative momentum. This would facilitate a move toward the next target at 233.40, followed by an attempt to pressure the support level near 221.00.

The expected trading range for today is between 233.40 and 255.00

Trend forecast: Bearish