Brent crude oil prices declined slightly in their last intraday trading, amid the dominance of the main bearish trend in the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, the negative signals emergence of the relative strength indicators intensifies the selling pressures, after reaching overbought levels.
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The price of (crude oil) declined its last trading on the intraday basis, with the beginning of forming negative divergence on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, with the emergence of the negative signals from there, amid the dominance of the main bearish trend on the short-term basis and its trading alongside trendline, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on the near period.
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The price of (silver) declined in its last intraday levels, leaning on the support of its EMA50, amid its attempts to gain bullish momentum that might help it to recover and rise again, amid the dominance of the main bullish trend on the short- term basis and its trading alongside supportive trend line for this track, with the emergence of the positive signals on the relative strength on the relative strength indicators, after reaching oversold levels.
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The price of (gold) witnessed fluctuated trading on its last intraday levels, attempting to gain bullish momentum that might help it to recover and rise again, amid the dominance of the main bullish trend on its trading alongside minor trend line on the short-term basis, with a positive divergence on the relative strength indicators, after reaching oversold level and the emergence of the positive signals.
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