Brent crude oil price surged higher in the last intraday trading, reaching the resistance of its EMA50, amid the domination of the main bearish trend and its trading alongside supportive minor trend line for this track, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from there.
The price of (crude oil) rose in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, hitting the resistance of its EMA50, affected by negative technical formation on a short- term basis (the rising wedge pattern), reducing the chances of recovery on the short-term basis.
The price of (silver) declined in its last intraday trading, amid the emergence of negative signals on the relative strength indicators after reaching overbought levels, surpassing the support of its EMA50, which put it under negative pressure that obstructs the recovery attempts in the upcoming period, amid the dominance of the main bullish trend and its trading alongside supportive minor trend line for this trend.
The price of (Gold) witnessed fluctuated trading in its last intraday trading, completing its attempts to gain bullish momentum that might help it surpass the negative pressure on the EMA50, amid the dominance of the main bullish trend and its trading alongside minor trend line on the short-term basis that supports the recovery, besides the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels compared to the price move.