Brent crude oil price surged in latest intraday trading, amid the dominance of the upward correctional trend in the short term as the price trades alongside the trend line, while boosted by positive signals from the Stochastic despite reaching overbought levels, thus tackling the current resistance of $74.70 after a nearly uninterrupted series of gains.
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Bitcoin price rose in latest intraday trading after engaging in sideways trading yesterday as it leaned on the support of $81500, lending the price some positive momentum that helped it recoup some losses, amid the dominance of the main downward trend in the short term as the price trades alongside the trend line, while hurt by the negative Rising Wedge pattern, which formed recently.
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Ethereum price edged higher in latest intraday trading after trying to recoup some recent losses, amid the dominance of the main downward trend, as the price trades alongside the trend line in the short term, with ongoing negative pressure due to trading below the 50-candle SMA, coupled with negative signals from the Stochastic after reaching overbought levels compared to the price’s movements, reinforcing the downward scenario.
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Silver price fell in latest intraday trading, in an attempt to seek a bottom to bounce it higher anew, while trying to gather momentum to regain its footing, thus leaning on the upward trend line in the short term, while also leaning on the support of the 50-candle SMA and rebounding a bit.
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