Brent crude oil is looking for a trend in its last intraday trading by sideways fluctuating trading, taking advantage of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the bullish corrective trend on the short-term basis, with its trading alongside supportive trend line, on the other hand, we notice the emergence of the negative signals from the relative strength indicators, which obstructs the recovery attempts.
Crude Oil moves within limited sideways range in its last intraday levels, with the emergence of negative signals from the relative strength indicators, which obstructs the recovery attempts in the previous period, to continue its attempts to gain the required bullish momentum for breaching the solid resistance at $79.00, amid the dominance of bullish corrective wave on the short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of near upcoming period.
Silver kept declining in its latest intraday trading, surpassing the key support at $57.00 level, increasing the likelihoods of breaking it and keeping a daily close below it to confirm this break, intensifying the negative pressure, especially with the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability of the main bearish trend on the short-term basis, with its trading alongside minor supportive trend line for this path.
Gold settles on a decline in its last intraday trading, amid the emergence of negative signals from the relative strength indicators, despite reaching oversold level, with the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides a negative pressure due to its trading below EMA50, reducing the chances of full recovery in the near upcoming period.