Crude oil prices declined slightly in its last intraday trading, due to the stability of the critical resistance at $66.65, putting negative pressure that intensified due to the continuation of its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis, besides the emergence of negative overlapping signals on the (RSI), shrinking the chances for the price recovery on the near-term basis.
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Crude oil prices reduced their gains for today, supported by the emergence of the positive signals on the (RSI), until hitting $62.85 resistance which put it under negative pressure that forced it to bounce lower, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative pressure on the price.
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The price of (Silver) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), affected by the stability of the critical resistance at $41,45, attempting to gain positive momentum that might assist it to breach this resistance, amid the continuation of the positive support that comes from its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside minor and main bias lines that support this trend.
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The price of (Gold) settled with limited rise on its last intraday trading, with the emergence of negative overlapping signals on the (RSI), putting negative pressure on the price due to its neediness to offload some of this overbought condition, gathering the gains of its previous rises, which might push it for some of the correctional rebounds on the near-term basis, amid the dominance of the main bullish trend and its trading alongside a bias line.
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