Brent crude oil price settles lower during its recent intraday trading, amid the attempts of gaining bullish momentum that might help it to breach the key resistance at $97.00, amid the continuation of the positive support that comes from its trading above EMA50, affected by surpassing minor bearish channel’s range that limits its trading on the short-term basis, on the other hand, the relative strength indicators reached exaggerated oversold levels compared to the price move, to indicate forming positive divergence that might help it to recover in the near upcoming period.

Bitcoin (BTCUSD) kept declining during recent intraday sessions, amid the dominance of the main bearish trend on the short-term basis, to break all the support levels as a clear signal for the strength and dominance of the sellers, especially with the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions, intensifying the negative pressure and opening the way for deepening these losses.

Crude oil prices rose in its recent intraday trading, amid the attempts of breaching the key stubborn resistance level at $93.50, benefiting from the positive and dynamic support that is represented by its trading above EMA50, affected by breaching bearish corrective trend line on the short-term basis. The relative strength indicators have reached exaggerated oversold levels compared to the price move, as a signal for a new bullish momentum to reinforce the chances of a recovery in the near period.

Silver price witnesses fluctuating trading on its recent intraday levels, benefiting from the stability of the support level at $73.00, which provided bullish momentum that helps it recover part of its previous losses, attempting to offload its oversold conditions on the relative strength indicators, especially with the emergence of positive signals from there, as a clear signal for the dominance of the selling powers, especially with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, which reduces the chances of full recovery in the near upcoming period.