Brent crude oil’s price extended its gains in its recent intraday trading, reaching $61.00 resistance, this resistance represents potential target in our previous analysis, supported by the dominance of bullish corrective wave on the short-term basis and its trading alongside supportive trend line for this trend, taking advantage of its trading above EMA50, reinforcing the chances of breaching this resistance and extending the gains of the price in the upcoming period.
Bitcoin (BTCUSD) prices rose in its last intraday trading, surpassing the key resistance at $89,000, supported by its trading above EMA50, which represents a positive support for gaining renewed momentum, affected by breaching minor bearish trend line previously on the short-term basis, besides the emergence of positive signals on relative strength indicators, reinforcing the chances of extending the gains on the near-term basis.
The price of (crude oil) kept rising in its last intraday trading, preparing to attack the key resistance at $57.35, this resistance was a potential target in our previous analysis, supported by its continuation trading above its EMA50, affected by breaching minor bearish trend line previously on the short-term basis, besides the emergence of the positive signals on the relative strength indicators on the relative strength indicators, despite reaching overbought levels.
The price of (silver) settles at its highest levels ever in its last intraday trading, amid the dominance of the main bullish trend and its trading alongside supportive trend line besides the continuation of the dynamic pressure that is represented by its trading above EMA50, on the other hand, we notice the emergence of negative overlapping signal on the relative strength indicators, after reaching overbought level, which reduced the last gains.