Brent witnessed sharp gains during recent intraday trading, breaching $105.00 resistance, opening the way for targeting new resistance levels, after offloading its overbought conditions on the relative strength indicators, opening the way for achieving these gains, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the stability of the bullish trend on short-term basis.

Bitcoin (BTCUSD) extended its gains during its recent intraday trading, to reach EMA50’s resistance, attempting to get rid of its negative pressure, supported by the emergence of the positive signals from the relative strength indicators, on the other hand, we notice entering exaggerated overbought levels compared to the price, with possibility to form negative divergence, which might press on the price in the upcoming period, to bounce lower again if its current resistance levels settle.

Crude oil rose during recent intraday trading, reaching our morning expected target at $102.00, taking advantage of its early fluctuated moves for today, gaining bullish momentum that helped it to offload its overbought conditions from the relative strength indicators, providing extra strength and opening the way for extending its gains, amid the dominance of minor bullish wave on short-term basis, with the continuation of the positive support that comes from its trading above EMA50, providing dynamic support base that reinforces extending its gains on the near-term basis.

Silver declined during recent intraday trading, with its trading alongside minor bearish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure on the price, with the emergence of negative overlapping signals from the relative strength indicators, after offloading its oversold conditions, and they reached exaggerated overbought levels compared to the price move, as a signals for resuming the decline in the upcoming near period.