The price of (Brent) declined in its last intraday trading, preparing to break the critical support level at $66.00, amid the dominance of the bearish trend and its trading alongside a minor bias line on the short-term basis, with the emergence of the negative signals on the (RSI), after reaching overbought levels, indicating the beginning of forming negative divergence, especially with the continuation of the dynamic resistance that is represented in its trading below EMA50.
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The price of (crude oil) declined in its last intraday trading, due to the stability of the key resistance level at $63.75, amid the dominance of the main bearish trend and its trading alongside a minor bias line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals on the (RSI), after reaching overbought levels, increasing the negative pressures on the near-term basis.
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The price of (Silver) declined in its last intraday trading, to gain positive momentum that might help it to recover and rise again, where it gets positive and dynamic support that comes from its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a minor supportive bias line for this trend, noticing the emergence of the positive signals on the (RSI), after reaching oversold level.
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The price of (Gold) surrendered to the negative pressures in its last intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, affected by breaking minor bullish trend line on the short-term basis. The precious metal succeeded in offloading some of its clear oversold conditions on the (RSI), opening the way for recording more of the losses on a near-term basis.
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