Brent prices settles on strong losses in their last intraday trading, after it approached our expected target at $72.00, amid the continuation of the dynamic support that is represented by its trading above EMA50, under the dominance of the main bullish trend on short-term basis, with its trading alongside trend line, attempting to gather the gains of its previous rises, and offloading some of its overbought conditions on relative strength indicators, especially with the emergence of the negative signals from there, to gather its positive strength that might help it to rise again.
BTCUSD price settles on cautious gains in its last intraday trading, reaching the resistance of EMA50, amid the dominance of the main bearish trend on short-term basis, with the emergence of negative divergence on relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative overlapping signals that intensifies the negative pressure on the price.
The price of (crude oil) declined in its last trading on the intraday levels, gathering the gains of its previous rises, attempting to gain bullish momentum that might help it to resume its gains in the upcoming period, besides offloading some of its overbought conditions on relative strength indicators, especially with the emergence of negative signals from them, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis.
The price of (silver) surged higher in its last intraday trading, breaching minor bearish trend line on short-term basis, accompanied by surpassing EMA50’s resistance, getting rid of surpassing its bearish pressure, supported by the emergence of positive signals from relative strength indicators, after offloading its overbought levels, opening the way for extending its gains on near-term basis.