The price of (Brent) rose in its last intraday trading, due to the effect of its lean on the support of its EMA50, providing positive momentum that assisted it to recover its early losses for today, getting ready to attack the key resistance level at $68.70, supported by the emergence of the positive signals of the (RSI), after reaching oversold levels, to form a positive divergence that intensify the stability of the bullish track.
The price of (crude oil) managed to recover quickly from the losses that happened in the opening of its morning trading, after its lean on the support of its EMA50, providing positive momentum that assisted it to rebound to clear all the early losses, to settle above the resistance level of $66.00 again, with the beginning of the positive signals emergence on the (RSI), after reaching oversold levels.
The price of (Silver) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), attempting to gain a positive momentum that might assist it to recover and rise again, to lean on the support of EMA50, providing some of this positive momentum that assisted it to stop the morning losses, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the sort-term basis.
The price of (Gold) settled low in its last intraday trading, due to the continuous negative pressure that comes from its trading above the EMA50, and under the dominance of the bearish trend on the short-term basis and its trading alongside a bias line, besides the continuation of the negative signals from the (RSI), reaching oversold levels, considering it as a weak sign for the negative momentum decrease.