Brent crude oil continued its attempts to gain bullish momentum that might help it to recover and rise again, affected by its exit from minor bearish channel’s range on a short-term basis, supported by its trading above EMA50, besides the emergence of the positive signals on the relative strength, after offloading its overbought conditions.

The price of (crude oil) declined in its last intraday trading, amid its attempts to gain the required bullish momentum for its recovery, amid the continuation of the positive support due to its trading above EMA50, affected by positive technical formation that formed on the short-term basis ( the double bottom pattern), besides the emergence of positive overlapping signals on the relative strength indicators, after offloading its overbought conditions, opening the way for achieving more of the gains in the upcoming period.

The price of (silver) declined in its last intraday trading, gathering its positive strength that might push it to rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside minor and main trend lines that support this trend, besides the continuous positive pressure due to its trading above EMA50, besides the relative strength indicators’ reaching exaggerated oversold levels compared to the price move, to indicate forming positive divergence.

The price of (Gold) kept declining in its last intraday trading, to continue its attempts to gain bullish momentum that might help it to recover and rise again, taking advantage of the positive support due to its trading above EMA50, reinforcing the chances of its rise again, especially amid the dominance of the main trend and its trading alongside minor trend line on the short-term basis, and the relative strength indicators have reached exaggerated oversold levels compared to the price move.