Brent crude oil’s prices settled on a rise in its last intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, retesting previously broken bullish corrective trend line on the short-term basis, amid the continuation of the dynamic negative pressure that is represented by its trading below EMA50, reducing the chances of full recovery in the upcoming period.
BTCUSD’s price settles on a decline in its recent intraday trading, amid the emergence of the negative signals from the relative strength indicators, attempting to look for a rising low to take it as a base to help it gain the required bullish momentum for its recovery, amid the dominance of the bullish trend on the short-term basis and its trading alongside trend line, with the continuation of the dynamic pressure that is represented by its trading above EMA50, reinforcing the chances of the recovery on the near-term basis.
The price of (crude oil) rose in its last intraday trading, attempting to recover some previous losses, and attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from there, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of full recovery on the near-term basis.
The price of (silver) rose in its last trading on the intraday basis, due to the stability of the support at $78.10, gaining some bullish momentum after offloading its overbought conditions on the relative strength indicators, to enter exaggerated oversold level now compared to the price move, to indicate fading the bearish momentum, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trendline for this trend.