Brent crude oil price edged lower in the intraday levels, amid the dominance of the upward correctional trend in the short term as the price trades alongside primary and secondary trend line, while trying to vent off overbought saturation in the Stochastic, with negative signals emerging from it, while gathering positive momentum to rise anew.
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US crude oil prices engaged in sideways trading earlier today, as they attempt to gather positive momentum and breach the important resistance of $70.00, while trying to vent off overbought saturation in the Stochastic with negative signals emerging from it, amid the dominance of the upward correctional trend in the short term as the price trades alongside the trend line.
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Gold prices fell on profit-taking in latest intraday trading after an earlier rise, amid the dominance of the main upward trend as the price trades alongside the secondary trend line, while trying to vent off overbought saturation in the Stochastic with negative signals emerging from it.
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The EUR/USD pair fell in latest intraday trading, amid the dominance of the downward correctional trend in the short term, while the price trades alongside the trend line, as a negative divergence forms in the Stochastic with negative signals emerging from it, bolstering the likelihood of decline.
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