Brent prices settle on strong losses in their last intraday trading, breaking our expected target in our previous analysis at $66.40 support, supporting the support of EMA50, intensifying the negative pressures, especially with the emergence of the negative signals from relative strength indicators, keeping the effect of the sharp declines on the near trading, despite gaining some bullish momentum due to it leaning on bullish trend line’s support on short-term basis, which limits this decline temporarily.

BTCUSD price rose in its last intraday trading, supported by the emergence of positive signals from the relative strength indicators, attempting to recover some previous losses, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis, reducing the chances of the price recovery in the upcoming period.

The price of (crude oil) settles on sharp losses in its last intraday trading, to surpass EMA50’s support, reinforcing the stability of the negative scenario, especially with the effect of negative technical formation on the short-term basis, which is represented by the double top pattern, reaching our morning expected target at $61.50 support, on the other hand, the price remains moving alongside minor trendline on short-term basis, with the relative strength indicators reach to oversold levels, with the emergence of positive overlapping signals, which might limit the losses if the support settles.

The price of (silver) rose in its last intraday trading, after leaning on our previous expected target at $73.00 support, gaining some bullish momentum that helped it to recover some of its previous losses, and attempting to offload some of its oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, amid the continuation of the dynamic pressure that is represented by its trading below EMA50, affected by breaking main bullish trend line on the short-term basis.