Brent crude oil surrendered to the negative pressure during recent intraday trading, after managing to ease part of its previously oversold condition on the relative strength indicators. The price faced resistance from EMA50- previously broken-which pushed it to reverse lower, allowing selling pressure to dominate.

Bitcoin (BTCUSD) is struggling to overcome the negative pressure from EMA50 in recent intraday trading, while the main bullish trend continues to dominate in the short term, with price movements aligned along a supportive trendline, and it managed to ease some of the previously overbought conditions on the relative strength indicators, opening the way to extend gains in the near term.

Crude oil prices declined slightly in recent intraday trading after holding below the key resistance level at $92.00. The price has managed to relieve its oversold condition on the relative strength indicators, indicating that the positive momentum seen earlier is starting to fade.

The price continues to face negative pressure as it trades below EMA50, which reduces the chances of a near-term recovery. This is further supported by the earlier break of a key short-term ascending trendline, adding to the bearish outlook.

Silver strengthened its early gains in recent intraday trading, retesting the key resistance level at $70.00. This comes despite the dominance of a short-term bearish trend, with price movements aligned alongside a minor downward trendline supporting this direction.

The price continues to face negative pressure as it trades below EMA50, increasing bearish pressure, reinforced by the formation of a negative divergence on the relative strength indicator, after reaching heavily overbought levels compared to price movement, besides the emergence of negative signals.