Brent crude oil price declined in its last intraday levels, after offloading some of its previous losses with the opening of today’s trading, amid the continuation of the negative pressure due to its stability below EMA50, with the dominance of the main bearish trend and its trading alongside steep minor bearish trend line on the short-term basis.
The price of (crude oil) declined in its last intraday trading, affected by testing minor bearish trend on the short-term basis, intensifying its effect due to its trading below EMA50, besides the emergence of negative overlapping signals on the relative strength indicators, indicating a quick fading for the bullish momentum of the price in its early trading.
The price of (silver) kept rising in its last intraday trading, attacking the resistance at $52.35, this resistance represented our potential target in our previous analysis, supported by the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, and there is dynamic support that is represents by its trading above EMA50, providing renews momentum that intensifies the chances of breaching the resistance.
The price of (Gold) rose in its last intraday trading, supported by its continuous trading above EMA50, with the emergence of positive signals on the relative strength indicators, amid the dominance of the main bullish trend and its trading alongside supportive minor trend line for the stability of this trend.