Brent crude oil prices surged higher in their last intraday trading, surpassing the resistance of its EMA50, in a significant step in its way for sustainable recovery, where it reached minor bearish trend line on the short-term basis, supported by the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels.
The price of (crude oil) rose in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, attempting to surpass all of the negative pressures at once, it is attempting to surpass the resistance of its EMA50, and attacking main bearish trend line on the short-term basis, taking advantage of its stability above $59.85.
The price of (silver) kept rising in its last intraday trading, despite the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, to attempt to offload this overbought condition, indicating the strength and volume of the bullish momentum, especially with the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of minor bullish wave on the short-term basis and its trading alongside trendline that reinforces this track.
The price of (Gold) settled in its last intraday trading, getting ready to attack the key resistance at $4,155, which represented potential target in our previous analysis, supported by its continuous trading above EMA50, and under the dominance of minor bullish wave on the short-term basis and its trading alongside trendline, on the other hand, we notice the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, which reduced the last gains due to its neediness to offload these overbought conditions.