The price of (Brent) declined in its last intraday trading, after it attempted in its early trading to offload its clear oversold condition on the (RSI), especially with the emergence of the negative signals, testing the resistance of minor bearish trend line on the short-term basis, besides reaching the resistance of its EMA50, intensifying the negative pressure on the price to bounce lower.
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The price of (crude oil) settles with limited gains in its last intraday trading, affected by gaining some bullish momentum due to the stability of the key support at $62.00, attempting to offload some of its clear oversold conditions on the (RSI), especially with the emergence of the positive signals, amid its trading below EMA50, adding more negative momentum to the price.
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The price of (Silver) settled high in its last intraday trading, retesting the resistance at $38.20, accompanied by retesting minor bullish trend line on the short-term basis, therefore it bounced lower, with the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, exaggeratedly compared to the price move, and it still under negative pressure due to its trading below EMA50.
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The price of (Gold) declined in its last intraday trading, affected by testing the top of bearish correctional channel that limits the trading on the short-term basis, amid the continuation of the negative pressure that comes from its trading below EMA50, intensifying the negative momentum with the beginning of negative overlapping signals on the (RSI), after reaching overbought levels, eliminating the recovery chances on the near-term basis.
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