Brent crude oil’s prices resumes its rise in its last intraday trading, after gathering its gains and it managed to offload its overbought conditions on the relative strength indicators, providing renewed bullish momentum that helps it to extend its strong gains, amid the dominance of steep trend line, with a dynamic support that is represented by its trading above EMA50.
BTCUSD’s price kept declining in its recent intraday trading, putting it under negative pressure in its upcoming trading, especially with the emergence of negative signals from the relative strength indicators, despite reaching overbought levels, amid the dominance of the main bearish trend and its trading alongside minor trend line on the short-term basis that supports this trend.
The price of (crude oil) rose in its last intraday trading, preparing to attack the key near resistance at $58.20, this resistance was a potential target in our previous analysis, amid the dominance of strong bullish corrective wave on the short-term basis, with the continuation of the positive support due to its trading above EMA50, offloading its overbought conditions on the relative strength indicators and providing more bullish momentum on the short-term basis.
The price of (silver) attempts to catch its breath in its last intraday trading, preparing to reach the main resistance at $70.00 for the first time in its history, taking advantage of the dynamic support that is represented by its trading above alongside trend line, besides the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for recording new all-time highs in the upcoming period.