Brent crude oil continued its consecutive gains slightly in its last intraday levels, attempting to recover some previous losses, amid the dominance of the main bearish trend on the short-term basis, reaching EMA50’s resistance, threatening these last gains by bouncing lower, especially with the emergence of negative strength indicators after reaching overbought levels.

The price of Bitcoin rose in its recent intraday trading, after offloading its overbought conditions on the relative strength indicators, gaining some bullish momentum that helped it to settle and begin a recovery, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the positive pressure that comes from its trading above EMA50, reinforcing the chances of the recovery in the upcoming period.

Crude Oil settles with limited and cautious gains in the last intraday trading, reaching EMA50’s resistance, accompanied by the emergence of negative overlapping signals from the relative strength after reaching overbought levels, indicating the beginning of forming negative divergence that intensifies the negative pressure on the price, amid the dominance of the main bearish trend on the short-term basis.

Silver declined in its latest intraday trading, with the dominance of the main bearish trend on the short-term basis, with the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions, increasing the negative pressure on the price, on the other hand, the chance of the recovery remains valid if its settles above EMA50, which represents dynamic support that provides renewed bullish momentum.