Brent crude oil experienced mixed trading in its last intraday levels, attempting to gain bullish momentum that might help it to breach the key stubborn resistance at $80.00, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of bullish corrective wave on the short-term basis, with the trading alongside supportive trend line for this path.
The price of Bitcoin slipped lower in its recent intraday levels, breaking a bullish corrective trend line on the short-term basis, putting it under the negative pressure, which intensified after surpassing EMA50, increasing the likelihoods of deepening these losses in the near upcoming period, especially when breaking the near support levels, on the other hand, we notice the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, which might helped it to settle temporarily against the negative pressures.
Crude Oil returned to rise quickly in the last intraday trading, preparing to attack the key resistance level at $75.00, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line that supports this path, besides the continuation of the positive pressure due to its trading above EMA50, which represents a dynamic support that reinforces the chances of breaching this resistance, on the other hand, we notice the emergence of negative signals on the relative strength indicators, after reaching oversold levels, which might reduce the upcoming gains.
Silver witnessed limited gains in its latest intraday trading, attempting to offload some of the clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, amid the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on the short-term basis, especially with its trading alongside supportive trend line for this path.