The price of (Brent) declined in its intraday levels, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, attempting to gain a positive momentum that might assist it to keep the main bullish trend on the short-term basis with its trading alongside a bias line, supported by its continuous support above its EMA50, which forms a support that keeps the positive scenario.
The price of (crude oil) declined in its recent intraday trading, attempting to look for a higher low to assist it to gain the required positive momentum to recover, amid the dominance of the main bullish trend on the short-term basis and its trading alongside the bias line, to notice reaching oversold levels by the (RSI), suggesting the formation of a positive divergence, which will increase the positive pressure.
The price of (Silver) rose in its last intraday trading, supported by its continuous trading above its EMA50, which represents dynamic support that kept its positive move in the last period, amid the dominance of the main bullish trend on the short-term basis, noticing the return of the positive signals on the (RSI), after it succeeded to offload its overbought conditions that was clear previously.
The price of (Gold) rose trading in its last intraday trading, after its early decline which targets offloading overbought conditions, and that happened as we notice that it reached oversold levels, opening the way for achieving more of the gains, and it succeeded in gaining a positive momentum that assisted it to keep the bullish trend on the short-term basis, amid its trading alongside a bias line, taking advantage from the dynamic support that is represented by its trading above the EMA50.