Brent declined during recent intraday trading, amid the attempts to gain bullish momentum that might help it to recover and rise again, amid the dominance of the bullish trend on the short-term basis, with its trading above EMA50, with the emergence of positive signals from the relative strength indicators, after reaching oversold levels.
Bitcoin (BTCUSD) extended its profits during its recent intraday trading, to exit bearish corrective channel’s range that limited its previous trading on the short-term basis, to surpass EMA50’s resistance, as a clear signal for surpassing the negative pressure, especially with the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels.
Crude oil declined during recent intraday trading, leaning on minor bullish trend line on the short-term basis, exhausting its bullish chances where it attempts to look for higher low to use it as a base to help it gain the required bullish momentum for its recovery and rising again, especially with the continuation of the dynamic pressure that is represented by its trading above EMA50, with the emergence of positive signals from the relative strength indicators, after forming positive divergence that might increase the positive momentum on the price.
Silver declined during recent intraday trading, amid the continuation of the negative and dynamic pressure that comes from its trading below EMA50, which prevented the price recovery in the previous period, especially with forming negative divergence on the relative strength indicators after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of the negative signals from them, amid the dominance of minor bearish wave on the short-term basis.