Brent crude oil price declined during its recent intraday trading, reaching the support level at $96.00, which was one of our target levels in previous analyses. The market remains under the control of a sharp short-term corrective bearish wave, with continued negative and dynamic pressure from trading below EMA50.

In addition, we notice the beginning of a negative crossover on the relative strength indicators after the price succeeded in easing its oversold conditions, giving the market room to break below this support level in the near term.

Bitcoin price (BTCUSD) is experiencing volatile trading in its recent intraday movements, while attempting to gain positive momentum that could help it recover and move higher once again. The price continues to receive positive support from trading above EMA50, which reinforces the stability and dominance of the bullish trend.

At the same time, the relative strength indicators have reached deeply oversold levels in an exaggerated manner compared to the actual price movement, suggesting the possible formation of a positive divergence, especially as positive crossover signals begin to appear on these indicators.

The crude oil price slipped lower in its last intraday trading, amid the continuation of the dynamic negative pressure that is represented by its trading below EMA50, affected by breaking main bullish trend line on the short-term basis, to settle below the support level at $93.00, as a clear signal for deepening these losses in the upcoming near period, especially with the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions.

Silver price surged sharply during its latest intraday trading after managing to ease some of its clear overbought conditions shown by the relative strength indicators, giving the price more room to strongly extend its gains. The price is now preparing to challenge the current resistance level at $80.70, which was one of our target levels in previous analysis. This comes amid the dominance of a short-term bullish corrective trend, along with continued positive pressure from trading above its EMA50, increasing the chances of breaking above this resistance.