The price of Brent crude oil declined on the intraday levels, facing negative pressure after testing a major short-term descending trendline. This comes amid continued negative pressure due to trading below EMA50.

Crude oil prices declined in recent intraday trading, erasing all gains made earlier in the day, which were supported by positive signals from the Relative Strength Index (RSI). The decline continued until prices tested a short-term descending trendline, which forced a new downward rebound.

Gold resumed its upward movement in its latest intraday trading, after attempting in earlier movements to gather its gains, and clear overbought condition indicated by the Relative Strength Index (RSI). However, the upside track returns recording new highs.

The EURUSD price continues the rise during its recent intraday trading, amid the strong dominance of the main upward trend. The pair’s recent rise came despite the emergence of negative signals on the Relative Strength Index (RSI) indicators, after reaching highly overbought levels, which highlights the strength of this positive trend.