Brent crude oil price slipped lower during its recent intraday trading, after testing minor bearish trend on the short-term trend, accompanied by the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, leaning on EMA50’s support, keeping the chances of moving higher again valid in the upcoming near period, conditioned by breaching the bearish trend line.

Bitcoin (BTCUSD) keeps its early gains for today, amid the attempt of correcting the main bearish trend on the short-term basis, supported by the emergence of the positive signals from the relative strength indicators, after offloading some of its overbought conditions, keeping the chances of extending these gains valid in the upcoming near period, suffering from the negative and dynamic pressure that is represented by its trading below EMA50, threatening these last gains to vanish amid this pressure.

Crude oil prices declined in its recent intraday trading, affected by reaching the resistance of short-term minor bearish trend line, which forced it to rebound and reduce some of its early gains for today, on the other hand, we notice the continuation of the positive and dynamic support that comes from the trading above EMA50, with the emergence of the positive signals from the relative strength indicators, keeping the chances of the rise valid in the near upcoming period, especially when breaching near resistance level.

Silver price witnessed slight gains gains in its recent intraday levels, amid the continuation of the negative pressure that comes from its trading below its trading below EMA50, reinforcing the stability and dominance of the main bearish trend, with its trading alongside supportive trend line for this path, attempting to recover the previous losses, and offloading some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them.