The price of (Brent) settled high in its last intraday levels, where it declined in an attempt to offload some of its clear overbought conditions on the (RSI), especially with the beginning of negative overlapping signals, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, taking advantage of the dynamic support that is represented by its trading above EMA50, providing positive momentum.
The price of (crude oil) settled in its last intraday trading, confirming the positive behavior that began since yesterday, where it surpassed the resistance of EMA50, getting rid of its negative pressure, drawing new bullish track alongside a trend line on the short-term basis, but it might face some obstacles, where we notice the beginning of negative overlapping signals on the (RSI),after reaching overbought levels, which might decelerate its upcoming gains.
The price of (Silver) rose in its last intraday trading, 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 negative overlapping signals on the (RSI), after reaching overbought levels, which might force the price to bounce lower to offload this overbought condition and gathering the positive momentum.
The price of (Gold) soars high in its last intraday trading, affected by a positive push after its lean on the support of its EMA50, providing positive momentum that assisted it to achieve the strong gains, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate the upside track especially when reaching near critical resistance.