The price of (Brent) continued the decline in its last intraday trading, due to the stability of the critical resistance level at $66.00 after retesting it, accompanied by hitting the resistance of the EMA50, besides the emergence of the negative signals on the (RSI), after reaching overbought levels, amid the dominance of minor bearish wave on the short-term basis.
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The price of (crude oil) declined in its last intraday trading, preparing to break the critical support level at $62.00, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of the main bearish trend and the dominance of a minor bearish wave on a short-term basis.
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The price of (Silver) rose in its last intraday trading, in attempt to offload its clear oversold conditions on the (RSI), especially with the beginning of the positive signals from there, reaching the resistance of its EMA50, amid its affection by breaking a minor bullish trend line on the short-term basis, intensifying the possibility of the price recovery on the near-term basis.
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The price of (Gold) expanded its gains in its last intraday trading, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, providing temporary momentum that helped it to test the ceiling of bearish correctional channel that limits its previous trading on the short-term basis.
Despite this rise, the precious metal remains facing clear negative pressure, with the continuation of its trading below EMA50, reinforcing the strength of the selling pressure and impose further cautious on its upcoming trading.
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