Brent price got bullish momentum on its recent intraday levels, as it holds above EMA50’s support, gaining bullish momentum that intensified with the emergence of positive signals from relative strength indicators, after offloading its overbought conditions, opening the way for achieving wider gains on near-term basis, amid the dominance of the main bullish trend on short-term basis.

BTCUSD prices returned to decline in its last intraday trading, after retesting the key resistance level at $90,000, and it managed to offload its oversold conditions on the relative strength indicators, which forced the price to rebound lower, erasing some of its early gains, amid the dominance of steep bearish corrective wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressures.

The price of (crude oil) extended its gains in its last intraday trading, benefiting from the dynamic support that is represented by its trading above EMA50, accompanied by its trading alongside main bullish trend line on short-term basis, besides the emergence of positive overlapping signals on the relative strength indicators, after offloading its overbought conditions, opening the way for extending its gains on near-term basis.

The price of (silver) witnessed fluctuating trading within limited range on its last intraday levels, attempting to gain bullish momentum to record new all-time highs, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and strength of the main bullish trend on short-term basis, especially with its trading alongside main and minor trend lines, noticing the emergence of positive signals from relative strength indicators after offloading its overbought conditions, opening the way for achieving new gains in the upcoming period.