Brent crude oil prices rose in their last intraday trading, with the beginning of forming positive divergence on the relative strength indicators, after reaching exaggerated oversold levels, compared to the price move, with the emergence of positive crossover, amid the dominance of steep bullish corrective wave, indicating the strength of this track, to breach the current resistance level at $65.55.
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The price of (crude oil) rose in its last intraday trading, breaching the key resistance at $61.75, amid the dominance of the bullish corrective trend on the short-term basis, with the continuation of the dynamic pressure that is represented by its trading above EMA50, this rise came after offloading the overbought conditions on the relative strength indicators, opening the way for achieving more of the gains on the near-term basis.
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The price of (silver) continued the decline during its last intraday trading, to break the key support at $47.80, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability of the bearish corrective trend on the short-term basis, amid its trading alongside supportive trendline for this track, besides the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels.
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The price of (gold) declined in its last intraday trading, amid the emergence of the relative strength indicators, leaning onto the key support level at $4,050, which was our suggested target in our previous analysis, amid the continuation of the negative pressure that comes from its trading below EMA50, and under bearish corrective wave on a short-term basis.
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