Brent crude oil’s price slipped lower on the recent intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, reaching $61.25 key support which represents expected target in our previous analysis, affected by negative technical formation that has formed previously on the relative strength indicators.

The price of (crude oil) deepened in its last intraday trading, breaking the support level at $57.65, this support was our expected target in our morning analysis for today, affected by the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, amid the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, reinforcing the scenario of extending the losses on the near-term basis.

The price of (silver) rose in its last intraday trading, to confirm breaching the key resistance at $61.50, supported by its continuous trading above EMA50, under the dominance of the main bullish trend on the short-term basis, with its trading alongside supportive minor trend line for this track, besides the emergence of the positive signals on the relative strength indicators.

The price of (Gold) settled with losses in its last intraday trading, due to the stability of the stubborn resistance at $4,245, attempting to gain bullish momentum that might help it to breach the resistance, leaning on EMA50’s support, which helped it to stop these losses, amid the dominance of the main bullish trend on the short-term basis and its trading alongside minor trend line on the short-term basis.