Brent crude oil’s price witnessed sharp decline in its recent trading on the intraday levels, keeping the main bearish trend dominant on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the negative pressure around the price, breaking the key support at $61.00, confirming its momentum to deepen its losses on the short-term basis.

The price of (crude oil) declined in its last intraday trading, breaking the key support at $57.35, amid the continuation of the negative pressure due to its trading below EMA50, and the trading alongside steep minor bearish trend line on the intraday basis, the last decline came in spite of the emergence of positive signals on the relative strength indicators, to indicate entering new selling powers to turn the tables in the upcoming period.

The price of (silver) extended its gains in its last intraday trading, approaching from its historical resistance at $64.60, recording new all-time highs supported by its continuous trading above EMA50, reinforcing the stability and dominance of the main bullish trend on the short-term basis, especially with its trading alongside supportive minor trend line, besides forming positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price moves, with the emergence of the positive signals.

The price of (Gold) settles in its last intraday trading, to breach the main resistance level at $4,300, this resistance represents our expected target in our previous analysis, supported by its continued trading above EMA50, with its trading alongside minor trend line on the short-term basis, on the other hand, we notice that the relative strength indicators have reached overbought levels, reducing the gains of the precious metal upcoming trading.