Brent crude oil prices slipped lower in their last intraday trading within bearish track that dominates the technical movement of the pair in the short-term basis, where the price keeps moving alongside bearish trend line that supports the continuation of the selling pressure, amid limited attempts to settle, but the main bearish trend remains dominant.
The continuation of the trading below EMA50 reinforces the strength of the negative pressure and confirms the bearish movement, besides the weakness signs that appear on the relative strength indicators, indicating that there is possibility for extending the decline unless we witness technical breach for key resistance levels that might turns the bullish momentum back.
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The price of (crude oil) declined in its last intraday trading, as it reached the resistance of its EMA50, accompanied by testing a main bearish trend line on the short-term basis, intensifying the negative pressure on the price, despite the emergence of the positive signals on the relative strength indicators, indicating the strength of the negative momentum.
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The price of (silver) kept rising in its last trading on the intraday levels, to breach the key resistance at $49.40, supported by its continuous trading above EMA50, and under the dominance of the main bullish trend and its trading alongside minor trendline on the short-term basis, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
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The price of (Gold) extended its gains in its last intraday trading, breaching the key resistance at $4,050, supported by the positive signs on the relative strength indicators, despite reaching overbought levels, amid the continuation of the dynamic pressure that is represented by its trading above EMA50, and under the dominance of minor bullish wave on the short-term basis and its trading alongside trendline.
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