The price of (Brent) rose in its last intraday levels, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure due to its trading above EMA50, to settle above the key resistance at $70.00, to confirm breaching it which reinforces the price momentum to continue the rise, with the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate its upcoming gains.
The price of (crude oil) rose in its last intraday trading, to breach the critical resistance level at $68.00, supported by its continuous trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the beginning of the negative signals emergence on the (RSI), after reaching overbought levels, which might decelerate the price rise on the intraday basis.
The price of (Silver) settled in its last intraday trading, as a truce to catch its breath to gather the gains of its previous rises, attempting to offload some of its clear overbought conditions on the (RSI), especially with the beginning of the negative signals emergence, gathering its positive strength amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line.
The price of (Gold) rose in its last intraday trading, succeeding to breach the current resistance level at $3,365, after it succeeded in offloading its clear overbought conditions on the (RSI), to notice the beginning of positive overlapping signals on them, opening the way for achieving more of the gain, amid the continuation of the dynamic support that is supported by its trading above EMA50, and under the domination of the main bullish trend on the short-term basis and its trading alongside a bias line.