Crude oil prices surrendered to the negative pressure to deepen their losses in its last intraday levels, due to its lean on the support of bullish correctional trend line on the short-term basis, gaining some positive momentum, accompanied by the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels, exaggeratedly compered to the price movement, to form a positive divergence that helps it to reinforce the last gains, attempting to get rid of the negative pressure after surpassing the support of its previous EMA50.
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Crude oil prices declined in its last intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis, noticing the emergence of the negative signals on the relative strength indicators after offloading its oversold conditions, opening the way for recording more of the losses in the upcoming period.
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The price of (Silver) kept rising in its last intraday trading, supported by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside bias line that reinforces the stability of the trend, on the other hand, we notice the slowness of the rise with the relative strength indicators’ reach to overbought levels, which makes us witness some fluctuations or correctional rebounds that target offloading this overbought conditions.
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The price of (Gold) surged to the upside in its last intraday trading, to record new his highs after breaching the critical resistance level at $3,700, amid the continuation of the positive pressure that comes from its trading above its EMA50, and under the dominance of the main bullish trend and its trading alongside supportive trend line on the short-term basis, despite the stability of the relative strength indicators on overbought levels, to indicate the dominance of the buying powers on the price movement.
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