Bitcoin (BTCUSD) settles on a slight decline in its latest intraday trading, in attempt to form higher low to use it as a base to regain its bullish momentum and to recover, amid the continuation of the dynamic support that is represented by its trading above EMA50, with the dominance of the bullish corrective wave on short-term basis, accompanied by the trading alongside supportive trend line for this path.

With the emergence of positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of positive overlapping signals from there, which might reinforce the chances of regaining bullish momentum in the upcoming period.

Therefore, we suggest a rise in BTCUSD in its upcoming intraday trading, if $69,000 support level settles to target $74,000 resistance.

Expected trading range is bewteen$69,000 support and $74,000 resistance.

Today’s forecast: Bullish

Crude oil prices settled on slight decline in their latest intraday trading, after reaching $80.00 resistance, which represents a potential target in our previous analysis. This came from profit-taking following the recent gains, besides the attempt to offload its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals.

Amid the price attempt to recover its bullish momentum, preparing to breach this resistance, supported by the continuation of the dynamic support that comes from its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis.

Therefore, we suggest a rise in crude oil prices in upcoming intraday trading, conditioned by breaching $80.00 resistance, to target its next resistance at $85.00.

The expected trading range for today is between $74.00 support and $84.00 resistance.

Today’s forecast: Bullish

Silver prices recorded a rise in their latest intraday trading, supported by the emergence of positive overlapping signals from relative strength indicators, in attempt to offload some of the clear oversold conditions.

Despite this rise, the price is facing negative pressure, affected by breaking bullish corrective trend line on short-term basis, besides the continuation of its trading below EMA50, reinforcing the negative pressure and making any near-term recovery attempt vulnerable to a pullback.

Accordingly, our outlook favors a decline in silver price during upcoming intraday trading, if it settles below $86.00 resistance level, targeting the $79.50 support level.

The expected trading range is between $79.50 support and $88.00 resistance.

Today’s forecast: Bearish

Gold prices rose in their recent intraday trading, with the attempt of offloading the clear oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals, providing some bullish momentum and helped it to record some cautious gains.

The negative pressures remain valid due to the continuation of the trading below EMA50, forming an obstacle against its recovery on near-term basis, affected by breaking bullish trend line on short-term basis.

Therefore, we suggest a decline in gold price’s upcoming intraday trading, if $5,200 resistance remains intact, to target $5,000 support level.

The expected trading range is between $5,000 support and $5,200 resistance.

Today’s forecast: Bearish