Brent crude oil prices witnessed fluctuated moves in its last intraday trading, attempting to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, gathering its positive strength that might help it to recover again, amid its affection by breaching minor bearish trend line on the short-term basis, with the continuation of the positive support due to its trading above EMA50, reinforcing the chances of the price recovery in the upcoming period.
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The price of (crude oil) declined in its last intraday trading, amid the price attempts to gather the gains of its previous rises, and gaining positive momentum that might help it to rise again, and offloading its overbought conditions on the relative strength indicators at the same time, despite the price decline, it remains stable above $64.35 support, which represents a sign for its bullish momentum, especially with the continuation of the dynamic pressure that is represented by its trading above its EMA50.
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The price of (silver) rose high in its last intraday trading, breaching our suggested target at $44.75, amid the full dominance of the main bullish trend on the short-term basis and its trading alongside supportive trend line for this track, supported by its trading above EMA50, besides the emergence of the positive signals on the relative strength indicators, these factors reinforce the chances of targeting new resistance levels on the near-term basis.
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The price of (gold) rose in its last intraday trading, to recover and resume its previous gains, supported by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, amid the continuation of the positive support that comes from its trading above EMA50, reinforcing the dominance of the main bullish trend on the short-term basis, amid its trading alongside trendline.
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