Brent crude oil’s prices rose in its last intraday trading, taking advantage of the positive signals from the relative strength indicators, after reaching oversold levels, retesting the current resistance at $60.50, 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.
BTCUSD’s price rose slightly with fluctuating trading on its recent intraday levels, in attempt to recover some previous losses, accompanied by its attempts to surpass the clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, affected by exiting minor bullish channel’s range on the short-term basis, affected by the negative pressure due to its trading below EMA50.
The price of (crude oil) rose within fluctuating trading on its last intraday levels, taking advantage of the positive signals emergence from the relative strength indicators, gaining some bullish momentum to recover previous losses, with the continuation of the negative pressure due to its trading below EMA50, keeping the recovery chances weak on the near-term basis, especially with the dominance of the main bearish trend on the short-term basis.
The price of (silver) deepened its losses in its last intraday trading, due to its attempts to look for rising low to use it as a base to gain the required bullish momentum for its recovery, to lean on EMA50’s support, amid the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive trend line for this bullish track, reinforcing the recovery chances and the upside track return.