Brent crude oil prices settles with series of sharp and consecutive losses on their latest intraday trading, affected by the negative signals from the relative strength indicators, despite reaching oversold levels, to break a bullish trend line on the short-term basis, intensifying the negative pressures, which increase the likelihoods of deepening these losses in the near upcoming period.

(BTCUSD) kept its last gains during its late intraday sessions, attempting to take breather and gather its gains, and attempts to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from them, to gather its positive momentum that might help it to resume its gains, amid the continuation of the positive support that comes from its trading above EMA50, with the dominance of the main bullish trend on the short-term basis, and its trading alongside supportive trend line for this path.

Crude oil prices kept declining in their latest intraday trading, after breaking EMA50’s support, which intensified the selling pressures and pushed the price to deepen its losses, affected by breaking minor bullish trend line on the short-term basis, reinforcing the dominance of the sellers.

The negative signals emerge from the relative strength indicators, despite reaching oversold levels, which might open the way for limited technical rebounds, but it remains not enough for changing the negative image unless it manages to trade above the near technical resistance levels.

Silver prices declined during their latest intraday trading, due to the stability of $60.00 resistance, to attempt to breach this resistance, attempting to offload some of its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the continuation of the positive support that comes from its trading above EMA50, reinforcing the stability of the dominance bullish corrective wave on the short-term trading.