Brent crude oil price declined in its recent intraday trading, attempting to gain positive momentum that may help the price breach the current resistance at $64.80. At the same time, it is working to relieve the clear overbought conditions indicated by the Relative Strength Index (RSI), supported by the strong rally seen in yesterday’s session, announcing the start of a bullish corrective wave.
Crude oil prices declined in their latest intraday trading, following the stability of the key resistance level at $61.50. letting the price gather yesterday’s gains, as well as an attempt to relieve the clear overbought conditions indicated by the Relative Strength Index (RSI), which has started to show negative signals. This could allow the price to gather positive momentum that may help it breach that resistance.
Gold (GOLD) declined in its recent intraday trading after breaking through the $3,100 resistance level in earlier sessions. This decline appears to be a gain gathering move, attempting to build positive momentum that could support a new upward move. At the same time, gold is trying to get rid of some of the overbought pressure reflected in the Relative Strength Index (RSI).
The (EURUSD) pair’s price rose in its latest intraday trading, under the influence of a bullish trend and trading along an upside trend line. This was accompanied by the emergence of positive signals from the Relative Strength Index (RSI), after reaching oversold levels.