Brent crude oil rose in its last intraday trading, benefiting from the emergence of the positive signals from the relative strength indicators after offloading its overbought conditions, preparing to attack the key resistance at $86.00, supported by its continued trading above EMA50, reinforcing the stability and dominance of bullish corrective wave on the short-term basis.
The price of Bitcoin settles with series of consecutive losses in its last intraday trading that pushed it to surpass EMA50, putting it under negative pressure, which obstructs the attempts of full recovery in the near upcoming period, to lean on a bullish trend line on the short-term basis, as a last attempt that might help it to gain the required bullish momentum for its recovery, especially with the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels.
Crude Oil rose in its last intraday trading, with its attempts to breach the key stubborn resistance at $79.00, supported by the emergence of the positive signals from the relative strength indicators, after forming positive divergence to help it exit the tight sideways move on the short-term basis, amid the dominance of the bullish corrective trend on the short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending the gains in the near upcoming period.
Silver witnessed slight gains on its latest intraday levels, taking advantage of the support level stability at $55.00, which was one of our expected targets, gaining some bullish momentum to recover part of its previous losses, and offloading some of its oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances of full recovery on the near-period.